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GOOD NEWS: Amazon To Raise Workers' Hourly Wage To $15

The new increase kicks in on November 1st.

Amazon raising minimum wage to $15 an hour

— The Hill (@thehill) October 2, 2018

Here's some good news for a lot of people. Jeff Bezos announced the wage hike this morning:

Amazon will pay all of its U.S. employees a minimum of $15 an hour, more than double the federal minimum wage of $7.25. The retail giant, run by the world's richest man, was criticized earlier this year after revealing its workers' median pay was $28,446.

Amazon says the new rate will go into effect on Nov. 1, covering all of its full-time, part-time, temporary and seasonal employees in the U.S.

"We listened to our critics, thought hard about what we wanted to do, and decided we want to lead," said Amazon's founder and CEO Jeff Bezos, as the company announced the new pay scale Tuesday. "We're excited about this change and encourage our competitors and other large employers to join us."

Amazon is one of the nation's largest employers, second only to Walmart, so this wage increase should have a positive ripple effect. The increase will also apply to Whole Foods employees.

The company will also lobby Congress to raise the federal minimum wage.

The new Amazon $15 minimum wage will benefit more than 350k FT, PT, temp., & seasonal employees. We encourage other large employers to join us in raising starting pay & @amazon_policy will advocate for Congress to raise the fed. min. wage #Amazon15

— Amazon News (@amazonnews) October 2, 2018

JUST IN: @BernieSanders, a vocal critic of Amazon's practices, praises the company and Jeff Bezos for raising its minimum wage in a statement to TicToc: "Today I want to give credit where credit is due. And I want to congratulate Mr. Bezos for doing exactly the right thing"

— TicToc by Bloomberg (@tictoc) October 2, 2018

This is an extraordinary victory for what I call the ideology of laborism in an age without a strong labor movement. Workers will very much benefit, but they won’t get an institution to defend and empower them. Which would be much better.

— Richard Yeselson (@yeselson) October 2, 2018

According to Amazon's anti-union training video, employees that merely talk about a "living wage" are a threat

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— Gizmodo (@Gizmodo) October 2, 2018

Jeff Bezos does not give a damn how poor people are. This only happened because of ACTIVIST PRESSURE, ORGANIZING, especially from @fightfor15 which has been pushing #Amazon , McDonald's et all to pay a living wage. #MInimumWage

— Jonathan Tasini (@jonathantasini) October 2, 2018

As long as we are talking about Amazon, let's talk about how it chokes innovation and entrepreneurs. Grossly centralized power is bad for workers and producers.

— Zephyr Teachout (@ZephyrTeachout) October 2, 2018

Great News: @Amazon has announced that no employee in the company will earn less than $15/hour. The balls in your court now @Walmart... How about a livable wage for all of your employees?

— James Kosur (@JamesKosur) October 2, 2018

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