Amazon raises minimum hourly pay by $1 to $20 for US operations workers
Amazon.com is raising the minimum hourly pay for its eligible full-time U.S. operations workers by $1 to $20, the e-commerce and cloud giant said on Wednesday.
Amazon has announced a $1 increase in the minimum hourly pay for its U.S. operations workers, raising it to $20 per hour. This move comes alongside the introduction of a new benefit called "Day 1 Financial," which provides qualified employees and their families with lifetime access to low-cost banking services through First Tech Federal Credit Union.
In addition to this, Amazon already offers benefits such as healthcare coverage for as little as $5 per week, a free Prime membership, and prepaid education programs. The company claims that the average total compensation will now exceed $32 per hour, including the value of its benefits package. Comparatively, Walmart's starting hourly wage is $14, while Target offers $15. Costco also raised its minimum wage for entry-level workers to $20 an hour last year.
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