Amazon Raises Minimum Wage in U.S., U.K.

The video discusses a company's decision to raise its minimum wage to $15 an hour, ahead of California's 2022 schedule. This move could impact 250,000 employees and put pressure on other retailers. The discussion explores whether this is due to a desire to pay workers more or a response to a labor shortage. The video also touches on Walmart's perspective, suggesting that higher wages could lead to increased consumer spending, even if it affects profit margins.

What is the new minimum wage that the company is implementing?

• $10.00 an hour

• $12.50 an hour

• $15.00 an hour

• $20.00 an hour

Why is the company's wage increase considered ahead of the pack?

• Because it matches the federal minimum wage

• Because California's minimum wage won't reach $15 until 2022

• Because it is the highest in the country

• Because it is only for full-time employees

What are the two possible reasons for the wage increase discussed in the video?

• To reduce employee turnover and increase profits

• To compete with international markets

• To pay workers more or due to a labor shortage

• To comply with new federal laws and regulations

How might the wage increase affect traditional retailers?

• It could pressure them to increase their wages

• It will lead to a decrease in their workforce

• It might force them to lower their prices

• It will have no impact on them

What potential effect does the wage increase have on employee spending?

• Employees might save more money

• Employees might reduce their working hours

• Employees might spend more at retailers like Walmart

• Employees might invest in stocks