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Bezos Blinks and Raises Amazon's Minimum Wage in U.S., U.K.

  • Company has faced lawsuits, criticism for conditions and pay
  • Minimum hourly U.S. pay will be $15 starting in November
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David Clark, Amazon’s senior vice president of operations, says it hopes other major companies raise wages.Source: Bloomberg)
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Jeff Bezos blinked.

Bowing to political pressure and a tightening labor market, he announced plans Tuesday to raise the minimum wage for all Amazon.com Inc. employees in the U.S. and U.K.