Amazon is increasing minimum wage to $15 for hourly workers in the USA and United Kingdom. And while others have lauded this as great news, it might wind up harming, not helping, employees ’ bottom line over time.
In a blog post published Tuesday, Amazon noted it’s doing away with worker incentive pay including monthly bonuses, as well as stock option awards. By removing bonuses to cover the raises, hourly workers, including warehouse employees and Whole Foods workers, might very well wind up making less money over time.
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