Some Amazon Workers Might Only Get a $1-Per-Hour RaiseAmazon's pay raise won't mean as much to everyone.

ByMariella Moon

This story originally appeared onEngadget

WireImage via engadget

Amazon has earned praise forincreasingits minimum wage to $15 an hour -- after all the move will benefit 250,000 staff members and up to 100,000 part-time workers. Unfortunately, some of its loyal, long-time workers aren't getting the same amount of love as its newer hires. According toBloomberg, Amazon workers already earning $15-per-hour are only getting a $1 hourly raise.

Some personnel have reportedly expressed frustration over how small that pay bump is when newer hires could be getting as much as 40 percent more than before. Whether Amazon will do anything about their discontent remains to be seen, seeing as the pay raise for new hires works in its favor. The ecommerce giant needs to take up as many as 100,000 seasonal workers to be able to keep up with the demand these holidays. As San Diego State University professor David DeBoskey told the pubication, people looking for a temp job in a tight labor market will likely be more enticed by a bigger hourly pay than bonuses and stocks.

Amazon, which regularly gets flak for itspoor working conditionsand low wages, will increase its minimum wage rate to $15 starting on Nov. 1. It will kill people's monthly bonuses and stock awards to help fund the pay bump, but it said hourly and customer-service workers will still get a larger total compensation per month. "In addition, because it's no longer incentive-based, the compensation will be more immediate and predictable," it added.

Wavy Line
Mariella Moon is an associate editor at Engadget.

Editor's Pick

Related Topics

Growing a Business

We're Now Finding Out The Damaging Results of The Mandated Return to Office — And It's Worse Than We Thought.

Companies knew the mandated return to the office would cause some attrition, however, they were not prepared for the serious problems that would present.

Business Solutions

Learn to Program an AI Chatbot for Your Business in This $30 Course

Get back-to-school savings on this AI coding course.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Thought Leaders

Mark Cuban Says These are the Dumbest Things Entrepreneurs Do

Whatever you do, don't do the first thing on this list. Or the second. Definitely not the third.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.