Amazon Raises Minimum Wage to $15 for All Employees
*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.
James Stewart joins Cheddar to discuss his New York Times article on what really went on behind-the-scenes at Disney when Bob Iger took back his spot as CEO.
Steve Hill, CEO & President of Las Vegas Convention and Visitors Authority, talks all things Sin City including transportation news, nightlife and the Sphere!
AI is revolutionizing credit scoring by analyzing diverse data sources, enhancing accuracy & financial inclusion for those lacking traditional credit histories.
Founder & CEO at Align Business Advisory, Dena Jalbert, joins Cheddar to discuss the future of the M&A space and which sectors to watch out for. Watch!
Working five days a week has long been the corporate cultural norm. But some companies are exploring the option of letting employees work four days a week.
After a two-year-long high, interest rates are coming back to earth. So what happens next? Plus: Boeing's woes, UAW may strike, and of course Elon's World.
