*By Carlo Versano*
Amazon said Tuesday it will raise the minimum wage for all its workers in the U.S. to $15 an hour.
The e-commerce giant announced in a [blog post](https://blog.aboutamazon.com/working-at-amazon/amazon-raises-minimum-wage-to-15-for-all-us-employees) that the change would be effective Nov. 1, include all full-time, part-time, and seasonal employees and that there would be no conditions attached to the raise.
Further, Jay Carney, the former Obama press secretary who heads Amazon ($AMZN) corporate affairs, said the company will advocate for an increase in the federal minimum wage, which has been at $7.25 since 2009.
The company said 250,000 employees and 100,000 seasonal hires will benefit from the changes. Whole Foods employees, who have begun organizing for a union, will be included. Amazon bought Whole Foods last year for nearly $14 billion.
In a press release, Amazon CEO Jeff Bezos said, "We listened to our critics, thought hard about what we wanted to do, and decided we wanted to lead."
Amazon has been under increasing pressure from Congress, led by Sen. Bernie Sanders (I-VT), over wages and work conditions at its fulfillment centers.
You may soon begin negotiating your salary with an A.I. program and some companies are already doing so.
A new piece of legislation could change the credit card system.
Rising gas prices continue to worry Americans.
A new report showed that a small portion of American homeowners chose not to purchase homeowners insurance as premiums rise.
The federal government is fining American Airlines $4.1 million for dozens of instances in which passengers were kept on board planes without a chance to exit during long ground delays.
Heather Barnett, editor with Money Crashers, joined Cheddar News to discuss ways to cut down costs when living alone and what apps to use to stay on budget.
Sean Burgess, chief claims officer with Lemonade, joined Cheddar News to provide tips on how to handle finances and expenses with roommates and which apps are best to use when doing so.
Tesla is defending itself in the first trial against its autopilot assistance feature.
3M has reportedly reached a tentative agreement to pay over $5.5 billion in a settlement from a lawsuit that claimed it sold defective combat earplugs.
Spirit Airlines will pay up to $8.3 million in a class action lawsuit over hidden fees.
Load More