Home industry retail amazon raises the minimum wage for its workers to $15-an hour

Amazon raises the minimum wage for its workers to $15-an hour

Retail

CIO Bulletin
2018-10-03

The retail giant Amazon had been under significant pressure from all directions recently to raise the minimum wages of its workers. It has finally listened. It has now raised the minimum wage to $15 per hour.

The company has faced a lot of criticism throughout the summer for its treatment of the low-paid workers who are responsible for packing and shipping the products of Amazon. But now the revised minimum wage will provide some relief to them.

This revision will come into effect from November 1 and will apply to more than 250,000 of employees who work in the company’s warehouses, customer-service and logistics. It also applies to 100,000 temporary employees of the company whom they have brought on to help out during the upcoming holiday season.

The company’s CEO Jeff Bezos said that: “We listened to our critics, thought hard about what we wanted to do, and decided we want to lead.” The company is committed to change its public policy and is planning to lobby for an increase in the federal minimum wage- which is at $7.25 as of now. “We’re excited about this change and encourage our competitors and other large employers to join us.”