Amazon boosts minimum wage in USA and UK

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CEO Jeff Bezos said the company had "listened to our critics".

Fight for $15, a coalition of fast-food, retail and other workers, sprung up in New York City in 2012 and has since expanded into a global movement with activists in more than 300 cities around the world.

Senator Bernie Sanders, a fierce Amazon critic who has long campaigned for higher wages as the United States recovers from the Great Recession, hailed the decision, saying Bezos and Amazon were "now leading the way".

Amazon will raise the minimum wage for all employees starting November. The new wage will benefit more than 250,000 Amazon employees, plus over 100,000 seasonal employees who will be hired for the holidays.

Amazon on Tuesday announced plans to raise the company's minimum wage in the U.S. to $15 - more than twice the federal minimum wage of $7.25. Amazon most likely already anticipates a federal minimum-wage increase to coincide with the minimum-wage increases already happening in some blue states. Last month, Sanders introduced the Stop Bad Employers by Zeroing Out Subsidies Act, or Stop BEZOS, which would levy a tax on large companies equal to the value of the public benefits that their workers receive.

Amazon median pay a year ago was $28,446, according to a company filing.

They added that "Amazon's public policy team will also begin advocating for an increase in the federal minimum wage".

The online retailing giant, which has several huge depots in Doncaster, is raising pay for hundreds of thousands of workers in the U.S. and the UK.

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The company has also raised its minimum wage to £10.50 ($13.62) in London and £9.50 ($12.32) in the rest of England.

Even though Amazon would prefer to keep employee retention as high as possible, a Career Choice program pays for 95 percent of tuition in high-demand fields that Amazon needs more skilled employees in. Chukumba estimates that the wage increase will cost Amazon an incremental $900 million to $1.8 billion a year, or less than 0.7% of the company's 2019 estimated sales of $287 billion.

With US unemployment now flirting with historic lows, employers across the country are having difficulty finding enough qualified workers to fill open positions.

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

Workers across the country have pushed for a $15 minimum wage.

Sanders predicted that other companies including Wal-Mart and McDonald's would follow suit by raising wages.

Minnesota: Minnesota started out 2008 with a $6.15 hourly minimum wage, before the 2008 federal minimum wage increase took effect in July of that year. It has faced stinging criticism of its labour practices, including grueling working conditions and lack of job security.

At least on this front, they may now have found a new ally in Amazon.