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Amazon Proves Their $1 Trillion Worth As The Company Raises The Wages Of It’s Workers

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Online retailing giant Amazon is raising pay for hundreds of thousands of workers in the US and the UK.

See Also: Your Favourite Online Store, Amazon Is Set To Open A ‘Four-Star’ Store In New York

Amazon’s lowest paid US workers will receive $15 an hour. In the UK, pay will rise from £8.20 an hour in London to £10.50, while outside London the rate rises from £8 an hour to £9.50.

The move comes after criticism of its employment practices, with complaints about its warehouse working conditions.

Amazon has also been attacked by campaigners for how much tax it pays.

The company is one of the biggest companies in the world, worth about $1 trillion.

See Also: Apple Beats Amazon To Become The World’s First Trillion Dollar Company

Its founder, Jeff Bezos, is the world’s richest man, with a fortune estimated at some $150bn.

The new pay rates start on 1 November and will apply to all staff, full and part-time, as well as temporary and seasonal workers.

The move will benefit 250,000 workers in the US, 17,000 in the UK and tens of thousands of seasonal workers.

Amazon’s move comes after widespread strikes by workers across Europe.

This summer, workers took industrial action to coincide with the internet retail giant’s Prime promotion event. Staff at warehouses in Germany Spain and Poland were trying to force the firm to offer better working conditions.

In the US, Amazon is also facing pressure from workers.

The increase in Amazon workers’ wages coincides with a cross-US movement by retail unions to raise wages to a minimum of $15 an hour, the so-called “Fight for Fifteen” movement.

source: BBC

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