Tech

Amazon’s minimum-wage increase for its hourly workers comes with a trade-off
: no more monthly bonuses and stock awards.

Amazon confirmed in an email to CNBC that the company is getting rid of incentive pay
and stock option awards as it increases the minimum wage to $15 per hour.
The company, however, stressed that the wage increase “more than compensates”
for the loss in other benefits.

Amazon’s hourly workers lose monthly bonuses and stock awards as minimum wage increases


Key Points

◆ Amazon warehouse workers are no longer eligible to receive
monthly bonuses and stock awards.
◆ Amazon made the change as it announced a minimum-wage increase on Tuesday.
◆ The change could make some longtime workers to make less money,
according to The Guardian.