USA
Amazon CEO Jeff Bezos has challenged his rivals to increase minimum wages.
In his annual letter to shareholders, the world’s top billionaire called on other retailers to match his company’s wages or even do better.
‘’ 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’‘, he said.
The online retailer hiked its minimum wage in the U.S last November and shippers competed to hire workers for the holiday shopping season amid unemployment at a nearly 20 year low.
In his letter, Bezos said the wage hike has benefited over 250,000 Amazon staff and over 100,000 seasonal workers.
By contrast, Bezos’ total compensation last year was $1.7million. That’s 58 times the median pay at Amazon.
Reuters
01:02
Pics of the day: July 25, 2024
01:19
Sudan: Paramilitary leader says he will attend ceasefire talks in Switzerland
01:00
Pics of the day: July 19, 2024
01:58
US gymnast Simone Biles says she is "confident" ahead of Paris 2024
Go to video
T-shirts Featuring image of Trump raising fist post-assassination attempt now on sale in China
01:00
Pics of the day: July 3, 2024