Amazon Workers To See Wages Rise, Health Care Costs Drop
Summary
Amazon plans to raise the wages of its U.S. employees and lower the cost of health care for some roles. The company is investing $1 billion to improve both pay and benefits. Changes will be effective this year for wages and next year for health care.Key Facts
- Amazon will increase pay for U.S. workers, with average hourly rates going above $23.
- Employees with longer tenure will see wage increases between $1.10 and $1.90 per hour.
- Full-time employees will receive an average annual pay raise of $1,600.
- Amazon is spending $1 billion in total on these pay and benefit improvements.
- Over 1.1 million of Amazon's 1.5 million employees are in the U.S.
- About 50% of Amazon employees reportedly leave within a year.
- Health care costs will decrease, with lower weekly contributions and copays starting in 2026.
- The health care plan changes will reduce weekly contributions by 34% and copays by 87% for certain services.
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