Amazon Paying Up

By Paul Page

Competition for warehouse workers this holiday season just got more expensive.

Amazon.com Inc.’s decision to raise the minimum wage it pays all U.S. workers to $15 an hour will likely echo across the business world, the WSJ’s Laura Stevens reports, with raises kicking in next month just as U.S. retailers and logistics companies are scrambling to find workers to staff stores and warehouses.

Amazon has become a target for politicians over wages as the company has expanded, adding warehouses and jobs while traditional retail has pulled back.

The overall median annual salary for Amazon workers world-wide was $28,446 last year, or about $13.68 an hour.

The wage increase also could add a last-minute wrinkle to a proposed union contract at United Parcel Service Inc.

Voting on the five-year pact, which calls for part-time workers’ hourly wages to start at $13 and rise to $15 in 2021, is open until Friday.

Source: www.wsj.com

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