What Amazon’s $18 average hourly wage means for other employers ...Middle East

Quartz - Economy

Amazon is raising the average hourly wage to $18 an hour for warehouse workers, the company said this week, putting more pressure on other employers in a tight labor market. Just four years ago, the giant retailer increased its minimum wage to $15 an hour.The pandemic has led to increased demand for online goods, fueling Amazon’s business. In the second quarter, Amazon’s net sales soared to $113 billion, up from $89 billion in the same period last year. Since the start of the pandemic, Amazon has hired more than 450,000 people in the US, and this week, announced it was hiring another 125,000 employees. To date, Amazon’s US workforce totals 950,000.The new wage standard from the US’s second l

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What Amazon’s $18 average hourly wage means for other employers ...Middle East

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