Amazon gives its workers a raise of $1 per hour

In Brief

Amazon is raising the minimum starting wage for its U.S. halfway operations workers — similar transportation drivers and fulfillment halfway employees — to $20 per hr and its mean hourly wage to astir $24 per hour. The institution notes the higher wage represents an summation of $1 per hr for eligible employees.

“When you adhd successful the worth of our industry-leading benefits, mean full compensation comes to much than $32 per hour,” Amazon Senior Vice President Udit Madan wrote successful a blog post.

The concern successful these raises comes retired to implicit $1.5 billion, oregon astir 0.06% of its $2.68 trillion marketplace cap.

In addition, Amazon says it volition present besides supply employees with entree to a low-cost banking strategy called Day 1 Financial, a rank successful First Tech Federal Credit Union, arsenic good arsenic a 20% discount connected purchases bought in-store astatine Whole Foods Market, the premium market concatenation that Amazon owns. If employees bid groceries online via Amazon, they volition besides get a 10% discount.

Amazon already offers its employees escaped Prime memberships, prepaid acquisition programs, and healthcare coverage, among its benefits.

On a subreddit for Amazon fulfillment halfway employees, radical look little than enthused. Regarding the Whole Foods discount, 1 idiosyncratic commented, “So it would marque it outgo astir the aforesaid arsenic a regular store, then? Hahaha,” a notation to Whole Foods’ historically higher prices.

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