Amazon Raises Minimum Wage for U.S. Workers to $15 Per Hour

Man thrilled by rain of cash

The Latest: Amazon lifts minimum wage to $15

The increase will also apply to employees at Whole Foods and other Amazon subsidiaries.

The current federal minimum wage is $7.25 an hour. Target and Walmart have made similar moves.

From state to state, the minimum wage varies widely.

The push for a higher federal minimum wage will be overseen by Amazon's Jay Carney, White House press secretary during the Obama administration. Amazon also raised its minimum wage in Britain to 10.50 pounds ($13.59) an hour for all employees in the London area and 9.50 pounds an hour for staff in all other parts of the country, effective from November 1. The company has named 20 cities as finalists, including Atlanta, Chicago and Washington, D.C. A rise to US$15 is an increase of 15.4 per cent.

Arizona: Minimum wage in Arizona jumped by $3.60 in the past decade, from $6.90 to $10.50 an hour.

Amazon's minimum wage became the benchmark for every businesses in San Francisco on July 1st this year. The people who sort, pack, ship and deliver orders for Amazon shoppers are crucial to Bezos's desire to make Amazon the one-stop shop for every purchase people might desire. A similar increase is planned in the United States. The most recent statistics from the U.S. Labor Department showed that in August, the pace of hiring rose again and wages grew at their fastest pace in nine years.

While it's unclear if Amazon's move was a direct response to the introduction of the bill, the raise means Amazon would no longer be subject to it - companies that pay at least US$15 per hour or more are not affected. "Good for them. I'm in favour of higher wages", he told reporters.

"This will lead to a general increase in minimal wages in all industries", he said.

Maryland: Minimum wage went from $7.25 to $10.10 an hour, a $2.85 increase. This past spring, it raised its starting hourly pay for its workers to $12.

"We're excited about this, and also hope others will join in", said Jeff Bezos.

"It will be felt by the individuals who receive it", Autor said. Studies on the actual effects of raising wages have yielded conflicting data, as Bloomberg noted.

Business Insider previously calculated the CEO's hourly salary by finding the difference between Bezos' 2017 and 2018 net worths - which we called his annual earnings - and then divided that amount by 8,760, the number of hours in a year. Support for the change was strongest among Democrats, blacks and Hispanics, and those who earned less than $30,000 a year.

Employees working in Operations and Customer Service now make around $15 an hour already.

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