The Challenge From Bezos

Jeff Bezos on Thursday issued a challenge to other retailers, not naming which ones specifically, to match Amazon’s pay and benefits.

“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,” Bezos wrote in his annual letter to shareholders, filed with the Securities and Exchange Commission.

Amazon’s biggest retail competitors in the U.S. today, Walmart and Target, have been making investments in pay, but they’re still behind Amazon.

Target just last week said it would be increasing its minimum hourly wage by a dollar, to $13, in June, part of its already announced goal to hit $15 an hour by the end of 2020.

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By |2019-04-12T17:55:47-05:00April 12th, 2019|Latest News|