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Amazon increases minimum wage for all US employees to $15 an hour

After reports had surfaced about the inhuman treatment metted out to employees at Amazon, the online giant had faced criticism from all quarters. The company has now decided to rectify its image and the first step taken by Amazon is to increase the minimum wage for all US employees to $15 an hour. This move will effect upto 250,000 employees at Amazon. Some employees who already make $15 per hour will also see a pay increase.

Amazon said the effect of the higher pay will be reflected in its forward-looking quarterly guidance. Shares of Amazon were trading a fraction of 1 percent lower before the market open.

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