Amazon's $15 an hour a win? Not so, veteran workers say

Will Many Amazon Workers Not Receive Minimum Wage Increases?

But tucked away in the announcement was the fact that Amazon will phase out its bonus and stock award programs for its hourly workers.

"We listened to our critics, thought hard about what we wanted to do, and decided we want to lead", founder and Chief Executive said in a statement. But some longtime employees say they are losing out.

However, the new minimum wage will not include independent contractors, such Amazon Flex drivers.

Christine Owens, executive director at advocacy group National Employment Law Project, said Amazon's call for changes at the federal level was a "significant" move. Those that called an employee hotline seeking answers heard a prerecorded message: the employee resource center "does not have any additional information we can share with you at this time".

Now the USA federal minimum wage stands at $7.25 per hour.

Those who already made $15 will get an extra dollar an hour when the change is made next month, but they will also lose two benefits they relied on: monthly bonuses that could top hundreds of dollars and a chance to own Amazon's sky-rocketing stock, now worth almost $2,000 a share. Analysts said the raise would cost it $1 billion or less annually but would be offset by a recent $20 increase in the cost of its Prime memberships.

Twitter reacts Manchester City held to goalless draw by Liverpool
Manchester City are sitting at the top of the Premier League table and are yet to lose a game in the league this season. But the Egypt worldwide snatched at the chance with the confidence of a player with one goal in his last eight matches.

"This is Amazon waking up and smelling the coffee". The employees, all of whom work in different warehouses around the country, said the $15 minimum wage was great for new workers, but the math didn't work out for those who have worked at Amazon's warehouses for a few years.

The company's shares closed down 1.6 percent at $1,971.31 on Tuesday. But Sanders praised the Seattle-based company for taking steps to improve working conditions, saying that "I applaud Jeff Bezos today for raising the minimum wage at Amazon".

"With the Trump administration having previously taken aim at Bezos and Amazon, they need to be proactive to position themselves positively in the court of public opinion", said Tom Gimble, CEO of recruiting firm LaSalle Network.

Earlier this week, Amazon announced that it will raise its minimum hourly wage to $15. Will the company require this wage minimum for those workers, too?

Compared to other countries, in the United States the ratio of yearly income on a minimum wage salary to the median yearly income of the country is below other wealthy countries. Economists said the move could put pressure on other large employers to raise wages.

Related News:

  • International Monetary Fund  predicts India will grow at 7.3% in 2018-’19

    International Monetary Fund predicts India will grow at 7.3% in 2018-’19

    That includes President Donald Trump's imposition of tariffs on $250 billion in Chinese goods, as well as on aluminum, steel and other products worldwide.

    Why Arsenal’s 5-1 win is "deceitful", Lacazette

    He is believed to be on around £110,000 a week with Pierre-Emerick Aubameyang and Henrikh Mkhitaryan on £170,000. We will enjoy it, we are working well and we want to continue like this.

    Three Strikes: Red Sox silence Yankee Stadium in 16-1 blowout

    Of the 18 batters Severino faced Monday, seven connected on balls that had exit velocities at 100 miles per hour or faster. Yet Severino was late to throwing his warm-ups, potentially because he wasn't aware of the start time of 7:40 p.m.
  • Avengers 4 Rumored To Have Big Time Jump

    Avengers 4 Rumored To Have Big Time Jump

    According to a user on Twitter claiming to be connected in Hollywood, The Avengers 4 will start five years in the future. Ruffalo joked, "I've kind of got a punk rock soul and I felt like 'dude, everyone has tattoos".
    Notre Dame vs. Virginia Tech: Irish come out on top

    Notre Dame vs. Virginia Tech: Irish come out on top

    The Wolverines host No. 16 Wisconsin next week and a win for the Wolverines will be celebrated by the Fighting Irish. It's a deep team, it's a talented team. "That was a very professional, older, veteran group", he said.
    Peyton Manning has hilarious reaction to Drew Brees breaking his record

    Peyton Manning has hilarious reaction to Drew Brees breaking his record

    However, he had pre-recorded a congratulatory message played on the Superdome's video boards. Brees removed his helmet and hugged his wife, Brittany, and four children on the sideline.
  • India thrash Windies to record largest-ever Test win

    India thrash Windies to record largest-ever Test win

    India 1st Innings: 649 for 9 in 149.5 overs ( Virat Kohli 139, Prithvi Shaw 134, Ravindra Jadeja 100; Devendra Bishoo 4/217). Mumbai: The omission of Murali Vijay and Karun Nair from the Indian Test squad against West Indies has raised a debate.

    Planet has only until 2030 to stem catastrophic climate change, experts warn

    Keeping the 1.5C target would keep the global sea level rise 0.1 metre lower by 2100 than a 2C target, the report states. The report explains why it's so important that we meet the 1.5 degree target, and how hard that will be to accomplish.
    How They Filmed Jodie Whittaker's First Doctor Who Episode

    How They Filmed Jodie Whittaker's First Doctor Who Episode

    Still, that's small potatoes, especially when it gives the audience more time to get used to the show's numerous changes. Chibnall and Strevens aren't featuring any episodes that star the Doctor without her companions this season.
  • Umpire Angel Hernandez Had An Atrocious Game 3

    Umpire Angel Hernandez Had An Atrocious Game 3

    In the postseason, Porcello's record is decidedly more mixed. "Obviously this is my first, but I'm excited", Eovaldi said. Luis Severino will go for the Yankees while Nate Eovaldi will toe the rubber for Alex Cora's Red Sox .

    ‘Venom’ breaks records, ‘A Star Is Born’ shines at the box office

    The films' combined success helped make this the best October weekend at the movies of all time in North America. Coming in at No. 2 this weekend is the music-heavy drama " A Star Is Born ".
    Venom set to take a massive bite out of the box office

    Venom set to take a massive bite out of the box office

    That's an October box office record, knocking off previous record-holder " Gravity ", which brought in $55.7 million in 2013. A very different movie took second place: Lady Gaga and Bradley Cooper's remake of A Star is Born earned $41.3 million.


Most liked

UChicago Alum, Former Professor Wins Nobel Prize in Economics
Last year, the honour went to United States economist Richard Thaler, a co-founder of the so-called "nudge" theory. They were honoured for integrating climate change and technological innovation into macroeconomic analysis.

Chaser projects Alan Jones’ ad and phone number onto Sydney Opera House
Comedy crew The Chaser have out-Jonesed Alan Jones by projecting his phone number onto the sails of the Sydney Opera House . Until the results of the draw are made public on Tuesday evening, punters will not be able to bet on the $13 million race.

How To Watch Google's Pixel 3 Event In Australia
Talking about Pixelbook 2, the Chrome OS notebook is expected to retain the same form factor and ports as the first model . The Pixel 3 and Pixel 3XL are expected to come in Pink and Mint colours besides the usual white and black.

United Nations report on climate change sets off alarm bells
While the United Nations panel says technically that's possible, it saw little chance of the needed adjustments happening. Monday's report is three years in the making and is a direct result of the 2015 Paris Climate Agreement .

FA to investigate allegations Jose Mourinho swore in Portuguese
His stock has never been lower as a United player; he's one of many who needs a change in fortunes. The concern for United is that this is not new for Mourinho.

IOS 12.0.1 fixes iPhone XS charging and WiFi glitches
Apart from that, there are also fixes to subtitles not appearing in some video apps and Bluetooth unavailability issue. The latest iOS build will also help an iPhone XS and iPhone XS Max select the correct Wi-Fi network to use.

China claims missing Interpol head was corrupt
Interpol downplayed those concerns, saying the president has little influence over the organisation's day-to-day operations. Interpol says President Meng Hongwei resigned on Sunday.

Google Pixel 3 XL Gets REVIEWED (Days Before Its Official Launch)
American tech giant Google will unveil the Pixel 3 and Pixel 3 XL today at an event in New York City at 11 am ET (8.30 pm IST). The tech giant has confirmed to the worldwide media that we wouldn't be seeing any new smartphone watch on the sets tomorrow.

La Liga Roundup: Barcelona lose lead to Sevilla after draw at Valencia
Barcelona fail to move back to the top of La Liga after being held to a 1-1 draw by Valencia in Sunday's fixture at the Mestalla.

United Kingdom court blocks iPhone users' privacy case against Google
Google argued that the type of "representative action" being brought against it by Mr Lloyd is unsuitable and should not go ahead. They also said it was not possible to identify those who may have been affected and the claim had no prospect of success.

Indian companies DEFY President Trump by purchasing Iranian Oil despite United States sanctions
Also, subsidised domestic cooking gas prices have been increased by Rs 2.89 per 14.2 kg cylinder to Rs 502.40, an all-time high. China is reportedly reducing its oil imports from Iran , though it's not likely to fully comply with the us demands.

Alex Iwobi is new Messi... What Arsenal Fans are Saying
Head coach Unai Emery lost his first two games in charge - to champions Manchester City and London rivals Chelsea - but since then his team has been flawless.

Pro-Russia party, populists win Latvian parliamentary election
Polling stations close at 1700 GMT with a preliminary official result expected around 0100 GMT Sunday morning. In the past, parties have refused to enter into coalition with Harmony.

Susan Collins Lambasted by LGBT Groups for Kavanaugh Support
Flake, like Collins, believed that the FBI investigation, which did not corroborate the sexual assault allegations, was thorough. In 2010, Palin, then the former Republican vice-presidential candidate, backed Tea Party Senate challenger Joe Miller over Sen.

Trump claims Kavanaugh allegations are 'Democrat hoax' in new attack
Addressing Kavanaugh specifically, the president said, "You sir, under historic scrutiny, were proven innocent". He asserted that "we simply followed the tradition of America".