WASHINGTON (AP) — After years of sluggish pay gains, the economy may be starting to work for America’s low-wage workers."Don't hold your breath" is my reaction.
Amazon’s announcement Tuesday that it will raise its minimum wage to $15 an hour will intensify pressure on other companies to lift their pay levels as well. Among the most likely to do so: Amazon’s rival retailers and warehouse operators, many of which are facing the prospect of staff shortages as they ramp up for the holiday shopping season.
“This is going to be a big deal for very low-wage workers,” said Ben Zipperer, an economist at the liberal Economic Policy Institute. “It’s going to compel other businesses to raise wages as well.”
Scraps for the scrap-less.