Amazon raising minimum wage for all U.S. employees to $15
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> Workers in the US will be paid $15 an hour, compared to the minimum wage of $7.25.
> Those in the UK will be paid £9.50, or £10.50 in London, compared to the minimum UK wage rate of £7.83 for over 25s and £7.38 for those aged 21 to 24.
> The move will benefit 250,000 workers in the US, and 17,000 in the UK, and an estimated 20,000 seasonal workers.
> The increase will apply from 1 November to all staff, full and part-time, as well as temporary and seasonal workers.
> The company also said it would press for a change to the US minimum wage level.
> Amazon has also thrown down a gauntlet to its competitors, challenging it to match its wages, and has said it will push to increase the federal minimum wage from $7.25 an hour.
Of course, because if they don't they are opening up a significant flank for a startup/competitor that can exploit this labor market inefficiency.