Amazon is hiking its minimum wage to $15 an hour for all U.S. employees - full-time, part-time and temporary workers.The federal minimum wage has been $7.25 an hour since 2009.
Amazon's wage raise policy, which will take effect from November 1, is expected to benefit more than 250,000 Amazon employees, plus 100,000 seasonal workers. Given Amazon's size, its expansive internal supply chains and technology, alongwith the rapid growth in its businesses and networking, Amazon’s move on wages could potentially impact the overall U.S. labor market to a substantial degree. The e-commerce giant has added the most number of jobs in the U.S. the past decade.
Amazon will also increase minimum wages for its U.K. employees to £10.50 ($13.60) for the London area and £9.50 ($12.30) for the rest of the country. The current U.K. minimum wage for people over 25 years of age is £7.83 ($10.15)