Amazon Joins UPS In Raising Hourly Pay As Worker Compensation Trends Upward
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
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Should l Buy AMZN?
Source: Benzinga
Amazon Raises Hourly Wages: Amazon has announced a $1.50 hourly pay raise for its U.S. fulfillment and transportation workers, increasing the average base wage to $22 per hour, which translates to an annual compensation increase of approximately $3,000 for full-time employees.
Investment in Employee Benefits: The company is investing over $2.2 billion in this pay increase, alongside offering benefits such as pre-paid college tuition, health insurance from day one, and flexible working hours, emphasizing appreciation for their front-line employees.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 274.990
Low
175.00
Averages
280.01
High
325.00
Current: 274.990
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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