Amazon raises minimum wage to $15 for all US employees

Re:Amazon raises minimum wage to $15 for all US employees by stephengillie on Tuesday October 02, 2018 @11:46AM (#18122723)

Amazon knows most of that $15/hour will be paid into Amazon - regardless of employer - as they have 51% of American commerce. They're turning America into a huge company town.

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Re:Amazon raises minimum wage to $15 for all US employees by sib on Tuesday October 02, 2018 @02:30PM (#18124347)

They don't have anywhere near close to 51% of American commerce.

* Total US Retail sales in 2018: ~$5.4 Trillion

* Amazon trailing 12 months revenue as of June 30, 2018: $208B.

This is a little less than 4% (and that's assuming all Amazon revenue is US-based and retail sales, rather than AWS or other...)

You may be thinking of share of growth of US eCommerce.

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Re:Amazon raises minimum wage to $15 for all US employees by bootlooped on Tuesday October 02, 2018 @01:44PM (#18123921)

I think that is a bit of an exaggeration. Housing, utilities, groceries, insurance, transportation, education; all major areas where Amazon has zero or negligible presence. eCommerce is not a major family budget item for most households.

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