From TechCrunch · Amanda Silberling · · 1m
Amazon raises worker pay to $20 minimum
The company is investing $1.5 billion in hourly wage increases and new benefits for operations workers.
In brief
The company is investing $1.5 billion in hourly wage increases and new benefits for operations workers. Amazon is raising minimum pay for U.S. operations workers to $20/hour, a $1 increase, while adding banking access and Whole Foods discounts. Originally reported by TechCrunch.
Amazon raises minimum to $20
The company is increasing starting pay for U.S. operations workers like delivery drivers and fulfillment center employees to $20 per hour.
Average pay hits nearly $24
The raise represents a $1 per hour increase for eligible employees. Average hourly pay will reach nearly $24.
$1.5 billion investment
Amazon is spending over $1.5 billion on these raises, about 0.06% of its $2.68 trillion market cap.
New banking and shopping perks
Workers get access to Day 1 Financial banking, a credit union membership, and 20% off in-store Whole Foods purchases.
Workers aren't impressed
On a fulfillment center subreddit, employees mocked the Whole Foods discount, saying it just makes prices match regular stores.
“So it would make it cost almost the same as a regular store, then? Hahaha”
The short version
Amazon is raising minimum pay for U.S. operations workers to $20/hour, a $1 increase, while adding banking access and Whole Foods discounts.
