Amazon.com Inc said on Tuesday it is raising its minimum wage to $15 per hour for all US employees including full-time, part-time, temporary and seasonal employees, starting November 1.
What's more, Amazon (amzn)-the second-largest private-sector employer in the US -is now lobbying the government to increase the federally-mandated minimum wage, set nine years ago, from $7.25 an hour.
Amazon, which just became the second company to have a $1 trillion market cap, said it plans to push the federal government to increase the minimum wage. Bernie Sanders and others, Amazon stressed that the number reflects its employees' pay worldwide; the median salary for a full time employee in the US, the company said, is $34,123 - a figure it said should be compared to other retailers.
Amazon says it will pay all its USA workers at least $15.
In response to Sanders and other critics, Amazon had previously said employees in its warehouses were paid an average of $15 if stock-based compensation and bonuses were included, without breaking out their underlying hourly wage.More news: Fuel price hiked again, LPG to cost Rs 502.4 per cylinder
Amazon said it wants to convince lawmakers to boost the federal minimum wage. And five states have laws that don't require a minimum wage at all, according to the Department of Labor.
One of the most prominent critics has been US Sen.
Despite its domination, it shares one potential hurdle that is growing higher for nearly all employers big and small: a tightening labor market. They are self-employed contractors who either work with independent delivery companies or in Amazon Flex to deliver Amazon parcels. Walmart, which has 1 million workers, raised its minimum wage to $11 earlier this year.
The pay hike announced by Amazon Tuesday arrives right as retailers head into their most crucial season ahead of the holidays. With a healthy USA economy, Americans looking for work have an increasing number of job options, so Amazon has to find ways to entice people to join its company.
Amazon is raising its minimum wage to $15 an hour for all USA employees. The increases will include 17,000 Amazon employees as well as 20,000 seasonal workers.