Amazon Raises Warehouse Minimum Pay to $20 an Hour

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โดย Reuters·US·Read original
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Amazon raised minimum starting pay for its U.S. full-time core operations employees to $20 an hour on Wednesday, a $1-per-hour increase for front-line workers who sort, pack, and transport orders. The company said the typical hourly rate for those workers climbs to nearly $24, and that counting benefits brings total compensation to more than $32 an hour, with minimum starting pay up more than 17% over the past three years. Alongside the raise, Amazon announced that beginning Oct. 1 all U.S. employees will receive a grocery discount of 10% off eligible groceries and everyday essentials on Amazon.com and Whole Foods Market online, and 20% off in-store at Whole Foods, combinable with existing Prime member discounts. Amazon also said it is launching a banking benefit called Day 1 Financial, giving qualified employees and their families a lifelong membership in First Tech Federal Credit Union with no overdraft fees, no monthly maintenance fees, and no account minimums, plus access to credit cards, auto loans, and home loans for those who qualify, with rollout starting in late 2026 and broad availability expected in 2027. The moves come as New Jersey pursues a federal antitrust lawsuit alleging Amazon uses its dominance over its delivery contractor network to suppress driver wages and prevent workers from organizing, allegations Amazon disputed as not grounded in fact. For comparison, Walmart's U.S. workers start at $14 an hour and Target's minimum is $15 an hour, while Costco raised its entry-level minimum to $20 an hour last year.

Impact on stocks 4

Consumer Staples · 3 stocks
Artificial Intelligence · 1 stocks
Amazon.com Inc
AMZN
▲ PositiveCapitalrelevance

Amazon raised minimum warehouse pay to $20/hr and expanded grocery and banking benefits, lifting labor costs and compensation.

Off-coverage companies 1

First Tech Federal Credit UnionPrivate▲ Positive
Demandrelevance

Amazon's Day 1 Financial benefit gives qualified employees lifelong membership in First Tech Federal Credit Union, adding members.