Amazon Raises Hourly Pay for Workers by $1, Report Says
The wage increase is expected to cost Amazon more than $1.5 billion, a fraction of the company's market value, according to TechCrunch.
Amazon has raised hourly pay for its workers by $1, according to a report from TechCrunch published September 16.
The investment associated with the raise is expected to total more than $1.5 billion, TechCrunch reported, citing figures tied to the wage increase.
That amount represents about 0.06% of Amazon's market capitalization, which TechCrunch cited as $2.68 trillion.
The report did not specify which categories of workers are affected, when the raise takes effect, or how it compares to previous wage adjustments at the company. Amazon has not issued a separate statement on the matter, according to the available information.
This article will be updated if further details become available.
Sources
- Amazon gives its workers a raise of $1 per hour — TechCrunch
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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