KEY TAKEAWAYS:
Amazon invests $1B to raise U.S. worker pay
Average hourly wage rises above $23 nationwide
Entry health plan reduced to $5 per week
OSHA settlement requires ergonomic safety measures
Amazon says it’s making a $1 billion investment to raise wages and lower the cost of health care plans for its U.S. fulfillment and transportation workers.
The Seattle-based company said Wednesday the average pay is increasing to more than $23 per hour and said that some of its most tenured employees will see an increase between $1.10 and $1.90 per hour. Full-time employees, on average, will see their pay increase by $1,600 per year.
Amazon also said it was lowering the cost of its entry health care plan to $5 per week and $5 for co-pays, starting next year. Amazon said that will reduce