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Amazon Boosts Warehouse Worker Pay by at Least $1.50 an Hour [Yahoo! Finance]
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Most Read from Bloomberg The raises will take effect this month for the hundreds of thousands of employees working for Amazon's sprawling US logistics operation, boosting the average base wage to more than $22 an hour, the company said in a blog post on Wednesday. The pay bump comes as inflation, though well below its post-pandemic highs, continues to eat away at the value of workers' paychecks. Employees will start receiving Prime, Amazon's speedy shipping and video subscription service, as part of their compensation beginning early next year, the company said. The additional investment in pay and benefits, $2.2 billion, is the company's largest, logistics chief Udit Madan said in the blog. The Seattle-based company tends to announce pay tweaks and seasonal hiring goals ahead of the holiday shopping rush. Last year, Amazon said it would spend $1.3 billion boosting worker wages and benefits. Amazon's pay rates tend to fall between those of physical retailers — the source of m
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