How Will the Starting Wage Hike Impact Amazon?
Amazon (AMZN) is boosting the starting wage for its US employees to $15 an hour. About 250,000 current employees and some 100,000 seasonal workers are expected to benefit from the pay hike, which will take effect on November 1. Rising wages usually drive up costs, and that’s an impact Amazon is expected to feel as it lifts the starting pay rates for hundreds of thousands of employees.