Amazon's $15 an hour a win? Not so, some veteran workers say

October 04, 2018 - 5:31 pm

NEW YORK (AP) — Amazon's announcement that it would raise its hourly minimum wage to $15 has been seen as a win for workers. But some longtime employees say they are losing out. 

Those who already made $15 will get an extra dollar an hour when the change is made next month, but they will also lose two benefits they relied on: monthly bonuses that could top hundreds of dollars and a chance to own Amazon's sky-rocketing stock, currently worth nearly $2,000. 

Longtime workers, who spoke to The Associated Press on condition of anonymity for fear they would be fired, said the $1 raise would not make up for the lost benefits. Amazon says the increase in hourly wages more than compensates for the benefits that will be phased out.

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