Amazon Raises Minimum Wage to $15
On November 1, 2018, CEO of Amazon, Jeff Bezos announced that Amazon would raise the minimum wage to $15, more than double the $7.25 federal minimum wage. This change was enacted after Amazon received backlash for having a low employee median income of $28,446 per year. “We’re excited about this change and encourage our competitors and other large employers to join us,” said Bezos.