Wall Street Journal editorial page writer Jillian Melchior and former investment banker Carol Roth on how Amazon will raise its minimum wage to $15 per hour for U.S. employees.
Amazon slashed stock options and incentive-based bonuses for some employees when it raised its minimum wage to $15 per hour this week, but the e-commerce giant insists workers will be better compensated under its new policy.
The company is phasing out restricted stock units, or RSUs, as a form of compensation for hourly customer-service and warehouse employees. The options guaranteed employees a future slice of Amazon’s stock at a time when individual shares are valued at more than $1,950. Warehouse employees will no longer receive monthly incentive-based bonuses if their facilities hit production goals