Does Congress Deserve Credit for Amazon's Wage Hike? Rep. Khanna Thinks So
*By Carlo Versano*
Rep. Ro Khanna (D-CA) wants some credit for Amazon's new company-wide policy to hike its minimum wage to $15.
The progressive congressman representing California's 17th district has [sponsored](https://cheddar.com/videos/rep-ro-khanna-to-amazon-pay-your-workers-a-living-wage) a House bill to complement Sen. Bernie Sanders' (I-VT) "Stop BEZOS Act." Khanna said Tuesday in an interview on Cheddar he thinks his legislation applied more pressure to Amazon ($AMZN), which was already under scrutiny for the working conditions of its factory employees.
"It's a major, major victory," Khanna said. "I think \[Bezos\] has really set the bar."
Amazon's wage hike will go into effect Nov. 1 for 350,000 full-time, part-time, and temporary employees. The company said it will also lobby Congress to increase the minimum wage at a federal level.
To Khanna, whose district includes Silicon Valley, the move by Amazon ー based in Seattle ー will cause shockwaves and likely inspire other large corporations to act. "It's going to eviscerate the argument that you can't be profitable and pay $15 wages," he said.
"If Amazon can do it, a lot of other companies can do it."
Khanna also spoke about the federal government's injunction against California for its new net neutrality law. He said the position taken by the FCC and Chairman Ajit Pai undermines the concept of federalism, which Republicans claim to value. But the reality may be quite different.
"There is no jurisdiction to take away from what the state is doing," he said.
Pai filed suit soon after California Gov. Jerry Brown signed legislation establishing net neutrality protections for Californians over the weekend. Pai argued that the internet by its very nature constitutes interstate commerce and thus should be regulated federally.
For full interview [click here](https://cheddar.com/videos/rep-ro-khanna-amazon-set-the-bar-by-raising-minimum-wage).
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
DJ X, alongside Molly Holder, Senior Director of Product Personalization, takes us inside Spotify's A.I. DJ and how it's the best new way to listen to music.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!