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Amazon gives its workers a raise of $1 per hour
TechCrunch • • business
Key Points:
- Amazon is increasing the minimum starting pay for U.S. core operations workers, such as delivery drivers and fulfillment center employees, to $20 per hour, with the average hourly pay rising to nearly $24.
- The pay raise represents a $1 per hour increase for eligible employees, bringing average total compensation, including benefits, to over $32 per hour.
- This wage increase reflects an investment of more than $1.5 billion, approximately 0.06% of Amazon's $2.68 trillion market capitalization.
- Amazon is also introducing new employee benefits, including access to a low-cost banking system called Day 1 Financial, membership in First Tech Federal Credit Union, and discounts of 20% in Whole Foods stores and 10% on online grocery orders.
- Existing employee benefits include free Prime memberships, prepaid education programs, and healthcare coverage.
