Why Did Amazon Raise Its Minimum Wage?

FEEcast

English - October 05, 2018 15:00 - 29 minutes - 28.1 MB - ★★★★★ - 15 ratings
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Jeff Bezos announced that Amazon will raise its minimum wage to $15/hour. This made Bernie Sanders happy, but will it lead to layoffs? And what’s up with Bezos turning around and voicing support for increasing the federal minimum wage? Is all this really about compassion or about using government to squash the competition? Tune in to FEEcast for an in-depth discussion.

*After this recording concluded on Wednesday, news broke that Amazon will discontinue monthly bonuses and stock options for warehouse workers.

Show Notes:

Is Amazon’s Minimum Wage Move a Political Ploy?

https://fee.org/articles/is-amazon-s-minimum-wage-move-a-political-ploy/

The New York Times Explains Why the Minimum Wage Should Be $0.00

https://fee.org/articles/the-new-york-times-explains-why-the-minimum-wage-should-be-000/

Higher Minimum Wages Can Mean Fewer Work Benefits

https://fee.org/articles/higher-minimum-wages-can-mean-fewer-work-benefits/

Amazon's hourly workers lose monthly bonuses and stock awards as minimum wage increases

https://www.cnbc.com/2018/10/03/amazon-hourly-workers-lose-monthly-bonuses-stock-awards.html

Amazon eliminates monthly bonuses and stock grants after minimum wage increase

https://www.theverge.com/2018/10/3/17934194/amazon-minimum-wage-raise-stock-options-bonus-warehouse