Amazon raising minimum wage to $15 for all US employees
- Author: Eleanor Harrison Oct 03, 2018,
Oct 03, 2018, 2:33
"It is no secret that I have been a harsh critic of the wage and employment practices of Amazon and its owner Jeff Bezos", Sanders said at a news conference on Capitol Hill. Tweets from Sanders' account frequently portray Amazon as the biggest villain of capitalism, and they often compare the wealth of Bezos, who is the richest man in the world, with that of Amazon's lowest-paid workers.
"Amazon's US$15 an hour minimum wage is a sign they care about employees".
It will impact more than 250,000 Amazon employees, plus more than 100,000 seasonal staff who work for Amazon over the holiday season.
Sen. Bernie Sanders, who has previously criticized Amazon's treatment of its workers, praised CEO Jeff Bezos Tuesday for his company's new $15 an hour minimum wage for United States employees. The federal minimum wage has not been raised in almost a decade.
With the announcement, Amazon also said it would lobby Congress for a raise in the $7.25 an hour federal minimum wage. Amazon shares fell close to 0.5% in the premarket before retracing losses to trade up 0.2% on Tuesday afternoon. A higher wage may mean Amazon can outbid its competitors for the dwindling supply of available workers.
Visit HERE to find out more about the new Amazon $15 wage.
But Amazon went a step further than those retailers by raising its minimum pay immediately rather than over several years. Today, the online retail giant is increasing the minimum salary to $15 per hour for all USA employees, including part-time and full-time employees.
This increase in wage will be effective starting November 1st.
A campaign to raise the minimum wage to US$15 has been fought for in several cities and states, and MA passed a bill to hit that mark by 2023. The senator routinely points out the extent of Bezos' personal fortune while criticizing conditions for company employees. Sanders called on retail, fast food and other industries to follow suit.
The company has a history of complaints about gruelling workplace conditions and lower wages, and has had to deal with lawsuits, picketing and issues with management tactics.
While Bezos insisted that Amazon is "excited" to implement the wage hike - which willbenefit more than 350,000full-time, part-time, and seasonal workers - commentators were quick to note that the ultra-billionaire CEO is not raising wages out of the kindness of his heart.