Jeff Bezos encourages Amazon competitors to meet or exceed its new minimum wage

After intense public pressure, Amazon raised its minimum wage. Now it’s challenging other companies to do the same.

On Tuesday, Amazon CEO Jeff Bezos published his annual letter to shareholders, and the most interesting tidbit may have been a statement directed at other companies, not Amazon.

Bezos patted Amazon on the back for raising its minimum wage to $15 per hour late last year in the letter, calling it as much of a moral imperative as it was a good business decision.

"We strongly believe that this will benefit our business as we invest in our employees. But that is not what drove the decision," Bezos wrote. "We had always offered competitive wages. But we decided it was time to lead – to offer wages that went beyond competitive. We did it because it seemed like the right thing to do." Read more...