Key facts
- Amazon is raising the minimum starting pay for U.S. core operations workers to $20 per hour.
- The average hourly pay for eligible employees will increase to nearly $24 per hour.
- The pay raise amounts to an additional $1 per hour for eligible employees.
- Amazon's total compensation, including benefits, averages over $32 per hour.
- The investment in raises amounts to over $1.5 billion.
- Employees will receive a 20% discount on in-store purchases at Whole Foods Market.
Amazon is increasing the minimum starting wage for its U.S. core operations workers, including delivery drivers and fulfillment center employees, to $20 per hour. The company announced that the average hourly pay for these employees will rise to nearly $24 per hour, representing a $1 per hour increase for eligible staff. Senior Vice President Udit Madan stated in a blog post that when factoring in benefits, the average total compensation for employees exceeds $32 per hour.
The investment in these wage increases totals over $1.5 billion. In addition to the pay raise, Amazon is offering employees access to Day 1 Financial, a low-cost banking system, and a membership in First Tech Federal Credit Union. Employees will also receive a 20% discount on in-store purchases at Whole Foods Market and a 10% discount on groceries ordered online through Amazon. Amazon already provides benefits such as free Prime memberships, prepaid education programs, and healthcare coverage.