/biz/ - Business & Finance

>>11275369
The truth about Amazon minimum wage raise to $15 for all US employees:

After attending the meeting. There are some major drawbacks to this new wage structure. Most of which is a detriment. We lose our monthly bonuses which is based on our productivity. We lose our RSUs(stock options) and we lose the 6 month increments in pay raises. We start out at $15 now, but our next raise doesn't come until 24 months and it's only .50¢. Final rate of pay after 36 months is $16.25... This move was to simply appease those arguing against the low wages. Doesn't do anything for the long term for those of us on the West coast where the cost of living is ridiculously high.

Don't let Amazon fool you, this was a sucker's deal. They did this as a PR stunt. It's great for those who live in the South or somewhere more affordable, but not as great for the rest of the country.

BezGOD wins again.