Vital Signs: Amazon has lifted its wages, but the implications aren't as good as you might think
- Written by Richard Holden, Professor of Economics and PLuS Alliance Fellow, UNSW
Amazon has lifted its lowest pay rate to US$15 an hour.Shutterstock
Amazon has just voluntarily raised its employees’ minimum wage to US$15 an hour. Retail giant Costco has moved to US$14. This might not sound like a lot – and it is sure not a lot to live on – but with the US federal minimum wage at US$7.25 it is a big shift.
Why...