Amazon increases its minimum wage to $15

But for now, good news for Amazon workers, especially since the pay rises will come into play on 1st November - which means they should have a little extra money before Christmas.

"We intend to advocate for a minimum wage increase that will have a profound impact on the lives of tens of millions of people and families across this country".

Bezos is the world's richest man by a large margin-he is worth around $165 billion, according to the Bloomberg Billionaires Index-but previous year Amazon's median pay was just $28,446, which works out to around $14 an hour. The company also said it would push to raise the federal minimum wage of $7.25 an hour. This minimum wage will apply to all Whole Foods employees as well. Vermont Senator and former presidential candidate Bernie Sanders has charged that Amazon pays its workers such a low wage that many of them have to apply for public assistance.

One of the most prominent critics has been US Sen.

Amazon and Bezos this year have been criticized repeatedly for the wages Amazon pays warehouse workers, who make up the bulk of Amazon's workforce.

In two decades the company expanded far beyond its bookseller beginnings, combining its world-spanning retail operation with less flashy but very profitable advertising and cloud computing businesses.

Pete Carroll on Earl Thomas: Cut him a little slack
The 29-year-old was playing the 2018 season under the final year of his contract, which has a cap hit of $10.4 million. The Seahawks now have to make some personnel moves to replace Thomas and injury TE Will Dissly in the lineup.

Despite its domination, it shares one potential hurdle that is growing higher for nearly all employers big and small: a tightening labor market.

Average hourly pay jumped 0.4 percent in August and increased 2.9 percent compared with a year earlier.

The pay hike announced by Amazon Tuesday arrives right as retailers head into their most crucial season ahead of the holidays.

Other companies have also moved to raise wages, particularly in this tight labor market. Washington state has the highest minimum wage in the country at $11.50 per hour, and Seattle, like New York City, has implemented a $15 minimum.

The move will benefit 250,000 workers in the United States, and 17,000 in the United Kingdom, and an estimated 20,000 seasonal workers.

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