Amazon Makes a Big Move on Minimum Wage

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Sanders said he looks forward to working with Bezos on federal minimum wage legislation.

But Amazon went a step further than those retailers by raising its minimum pay immediately rather than over several years.

Sanders did commit to working with Amazon CEO Jeff Bezos in his fight to raise the federal minimum wage.

If you work for Amazon, there's a good chance you're waking up to some surprising and welcome news this morning.

"If Amazon is so proud of the way it treats its workers, it should make public the number of people it hires through temporary staffing agencies like Integrity Staffing Solutions and make public the hourly rate and benefits those workers earn", Sanders said in a statement in late August.

The pay raises go into effect November 1.

Amazon said Tuesday that the nationwide raise will benefit more than 350,000 workers, which includes full-time, part-time, temporary and seasonal positions. The increase will echo through companies owned by Amazon, such as Whole Foods.

The company had recently been the target of criticism from Senator Bernie Sanders, who said Amazon doesn't pay its lower-level employees a fair wage.

An employee packs a box at the Inc. fulfillment center in Robbinsville, New Jersey, U.S., on Thursday, June 7, 2018.

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The online retailing giant, which has several huge depots in Doncaster, is raising pay for hundreds of thousands of workers in the United States and the UK. It could well be, and I think it will be, the shot heard around the world.

Some companies have responded to the public pressure.

"This will lead to a general increase in minimal wages in all industries", he said. Walmart, which has 1 million workers, raised its minimum wage to $11 earlier this year.

"The weaker retailers have been cutting costs and squeezing every penny", Storch said.

Amazon is the second publicly traded company to be worth US$1 trillion, hot on the heels of Apple. Despite its dominance, it shares a major problem with employers big and small: a tight labor market.

California: California had one of the highest state minimum wages in 2008, and it still does today.

Amazon said company lobbyists will also begin advocating for an increase in the US federal minimum wage, which has been $7.25 an hour since 2009.

After weeks of hammering Amazon for its treatment of its warehouse workers, U.S. Sen.

"Customers are going continue to see incredibly low prices every day", said Dave Clark, senior vice president of worldwide operations.