From Mashable · Matt Binder · · 1m 10s
Amazon raises minimum wage by $1
Full-time operations workers now earn $20 per hour, matching Costco but leaving contractors behind.
In brief
Full-time operations workers now earn $20 per hour, matching Costco but leaving contractors behind. Amazon's wage increase to $20/hour applies only to direct employees, not outsourced contractors. Originally reported by Mashable.
Amazon raises minimum wage to $20
Amazon announced Wednesday it's raising the minimum hourly wage for full-time operations workers in the U.S. from $19 to $20 per hour.
“Full-time Amazon employees will now get paid a minimum wage of $20 per hour.”
Total compensation exceeds $32 hourly
When benefits are included, Amazon says average total compensation for these workers is now more than $32 per hour. Healthcare starts at $5 weekly, plus Prime membership and education programs.
“average total compensation for these workers is now more than $32 per hour”
New financial services benefit added
Amazon introduced Day 1 Financial, giving qualified employees and families access to low-cost financial services through First Tech Federal Credit Union.
Now matches Costco's entry wage
Amazon's $20 minimum now matches Costco's, which raised its entry-level pay to $20 last year. It exceeds Walmart's $14 and Target's $15 starting wages.
Contractors left out of raise
The wage increase applies only to Amazon's direct employees. The company outsources many positions to subcontractors who won't receive the raise.
In short
Amazon's wage increase to $20/hour applies only to direct employees, not outsourced contractors.
