Headlines

Bezos Challenges Competitors to Beat Amazon’s Minimum Wage

Amazon currently pays $15 minimum wage

Published

5 years ago

April 11, 2019

VMSD Staff

Jeff Bezos, the CEO and Founder of Amazon.com Inc. (Seattle), recently challenged rivals in the company’s annual shareholders letter to outdo Amazon’s current $15 minimum wage. The company moved to that amount at the end of last year, reports The Verge.

“Today I challenge our top retail competitors (you know who you are!) to match our employee benefits and our $15 minimum wage … Do it! Better yet, go to $16 and throw the gauntlet back at us. It’s a kind of competition that will benefit everyone,” he reportedly wrote.

This June, Target is planning to increase its hourly minimum wage to $14 from $12 and aims to move to $15 by the end of 2020, according to The Verge. Costco also recently increased its minimum wage to $15 an hour in March.

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