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Amazon ups hourly wage to $15, will advocate for higher pay

Amazon ups hourly wage to $15, will advocate for higher pay

Amazon will pay all workers at least $15 an hour, the company announced on Tuesday.

Amazon also is encouraging other large USA employers to follow its lead and said it would lobby U.S. legislators for an increase in the federal minimum wage, now at only $7.25.

As Amazon battles to counter criticism about how it treats its staff packing products in large warehouses, Mr Bezos said that from November anyone working in London would receive an hourly rate of £10.50 an hour, up from £8.20 an hour.

The move follows pay raise plans from companies such as Target and Disney World, but none are moving quite as quickly as Amazon, which has faced criticism for conditions in its dozens of fulfillment centers nationwide.

An advocate for higher minimum wages, Conti added that Amazon would likely benefit if $15 an hour became the new baseline. By way of comparison, Walmart's minimum wage is $11 an hour and Target is aiming to achieve $15 an hour by 2020.

On Tuesday, however, Sanders said Bezos had expressed interest in joining the fight to raise the federal minimum wage.

At a press conference in September where he formally introduced the bill with Rep. Ro Khanna (D-Calif.), Sanders said Bezos could set a great example by raising wages. The new minimum wage affects full-time, part-time, and even temporary employees.

The company reacted angrily in August to a campaign from Bernie Sanders, the USA senator from Vermont and former presidential candidate, who has been singling out Amazon for what he says are poor working conditions and wages for company warehouse employees. For one thing, companies are more beholden to their shareholders than their workers; profits are returned to people who own stock in the company, not who keep it running.

The company's public policy team will also be advocating for an increase in the federal minimum wage, which is now $7.25 per hour.

"At $7.25 the federal minimum wage is a poverty wage". "Amazon's announcement that it was raising starting wages for employees to $15/hour, as well as other pay increases, is positive for the company despite the incremental costs that will result", Moody's Lead Retail Analyst Charlie O'Shea stated, thinking that the adage "you get what you pay for" applies to Amazon's employee base as well.

Neil Saunders, managing director of the consultancy GlobalData Retail, said that the move could help Amazon recruit workers.

From 2017 to 2018, Bezos made $4,474,885 an hour.

Since August, Sanders had waged an aggressive shame campaign against the company, the second largest employer in the United States, for paying wages low enough that some workers qualify for safety net benefits such as food stamps. "I'm in favour of higher wages", he told reporters said.

But "we're sure $7.25 is too low", Carney said.


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