The median pay for an Amazon employee a year ago was $28,446, according to government filings, which includes full-time, part-time and temporary workers.
Amazon's founder and CEO is encouraging other companies to follow their lead.
Bezos responded with a tweet of his own, and said he also hoped that other companies would raise their wages as well. The company also said it would use its significant muscle in Washington to lobby lawmakers for an increase in the US federal minimum wage, which is $7.25 an hour. This wage has remained stagnant for almost a decade.
Even more importantly, Amazon says it will begin advocating for an increase in the Federal minimum wage. Last month, he introduced a bill that would impose a 100% tax equal to the amount of federal aid received by employees. We annualized this compensation for employees who did not work the entire year, except for employees designated as seasonal or temporary. "And I want to congratulate Mr. Bezos for doing exactly the right thing". His Twitter account, which has almost 9 million followers, frequently points out the disparity between Amazon's median employee pay and Bezos' vast fortune.
In response, Sanders accused Bezos of contributing to the "gap between the very rich and everyone else".
Amazon now employs around 575,000 workers around the world.
According to a statement released today by the online retail giant, the wage increase will affect more than 350,000 workers.
Employees: 20,500 full-time jobs created in Texas and it's still hiring here.
"While this is a step forward, it is a long way from where Amazon needs to be", said UNI Global Union, which represents retail employees.
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Amazon has raised the pay of thousands of workers in the United Kingdom and U.S., after coming under increasing fire from campaigners over its low wages.
Target said that it has seen a better pool of applicants after its moves to hike hourly pay.
Psssttt! While you're here we need your help. The Illinois minimum wage is $8.25 an hour.
It's unclear how the minimum wage increase will bolster Amazon's median compensation for its workforce, but it's safe to say it's headed up.
The company's leadership hailed the move as a moral win.
Target said in September 2017 that it planned to raise hourly pay to $15 by 2020.
The change most likely means the company, which has repeatedly been attacked for its business practices by politicians and activist groups, is taking a hard look at what people are thinking and saying about it.
Amazon also raised its minimum wage in Britain to 10.50 pounds ($19) an hour for all employees in the London area and 9.50 pounds an hour for staff in all other parts of the country, effective from November 1.