In its annual letter to shareholders, Amazon's CEO and founder Jeff Bezos convey the message to their competitors, urging them to launch a price war on the minimum wage they pay to their employees. At the end of last year, Amazon moved to the US $ 15 minimum wage – although it did with reduced privileges and share grants, which meant that some workers would receive less money, which led to Amazon's announcement of a further increase . pay to fix the situation. Nevertheless, in a country with a federal minimum hourly pay of $ 7.25, Amazon's actions may be considered progressive. – writes Bezos. "Do it! And better, go to $ 1
In June this year, Target plans to raise the minimum hourly wage to $ 13 per hour (from The current $ 12 per hour, ahead of the transition to $ 15 per hour Walmart's minimum wage is $ 11 per hour. Costco, referring to increased sales, announced the transition to $ 15 per hour in March, all of these steps, more or less the extent of the high-competitive jobs market, with no The US voter turnout is now estimated at 3.8%.
It's harder to find and keep workers off, all sellers have to spend more on staff, and Walmart is particularly sensitive to this, given its huge overhead, with over 1.5 million people in the United States and more than 2.2 million worldwide, employing Amazon's wage increase, on the contrary, benefited 350,000 employees. The difference in labor force and overhead costs is part of the reason that Amazon may be more aggressive as its salary increases.
Bezos's global challenge today lies in the fact that he wins no matter what. If others go up to $ 15 an hour, he can argue that Amazon has pushed them to him; if they go beyond that date, this means that Amazon employees are suddenly cheaper than their competitors; and if nobody changes, Amazon claims that the moral altitude inherent in raising the minimum wage than its rivals. It does not matter what the working conditions of Amazon warehouses can be.