Amazon will pay $15 minimum wage for all US employees


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Amazon is elevating its minimal wage to $15 an hour for all US staff.

The change takes impact November 1 and applies to full-time, part-time and short-term staff. Amazon (AMZN) says the $15 minimal wage will profit greater than 250,000 Amazon staff, plus 100,000 seasonal staff.

“We listened to our critics, thought exhausting about what we wished to do, and determined we wish to lead,” mentioned Jeff Bezos, Amazon’s founder and CEO. “We’re enthusiastic about this modification and encourage our rivals and different massive employers to affix us.”

Amazon additionally mentioned its public coverage group will start lobbying for a rise within the federal minimal wage, which has been $7.25 an hour since 2009.

The scale and explosive development of Amazon give the choice significance far past the tons of of hundreds of people that will profit straight.

Amazon is among the many largest employers in america, and it has added extra American jobs up to now decade than every other firm.

The choice additionally raises the stakes for Amazon’s so-called HQ2 competitors — its plan to create a second headquarters, with as many as 50,000 jobs. The corporate has named 20 cities as finalists, together with Atlanta, Chicago and Washington, D.C.

Critics, together with impartial Senator Bernie Sanders of Vermont, have criticized Amazon for not paying staff sufficient. They’ve drawn a distinction with Bezos’ spectacular wealth: He’s the richest individual alive, price an estimated $165 billion.

Staff throughout the nation have pushed for a $15 minimal wage as they’ve drawn consideration to rising revenue inequality. And a few firms have responded to the general public strain.

Goal introduced in September that it will increase its minimal wage to $11 an hour and $15 by 2020. Disney reached a cope with its unions to pay a minimal of $15 an hour at Disneyland in California in 2019 and at Disney World in Florida by 2021.

And Walmart, the nation’s largest private-sector employer, which has greater than 1 million US staff, raised its minimal wage to $11 in February.

Jay Carney, Amazon’s senior vp for world company affairs, pledged that the corporate would advocate a minimal wage enhance “that may have a profound affect on the lives of tens of hundreds of thousands of individuals and households throughout this nation.”

Final month, Amazon mentioned that the common hourly wage for a full-time affiliate in its achievement facilities was already greater than $15 per hour.

— CNNMoney’s Chris Isidore contributed to this report.

CNNMoney (New York) First printed October 2, 2018: 6:09 AM ET

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