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Amazon gets the "record" number of job applications by minimum wage



On Thursday, Amazon said it received a record number of job applications in the days following the announcement that they would increase their hourly wage to $ 15 for all their workers.

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AMZN AMAZON.COM INC. 1,718.73 +48.30 + 2.89%

The e-commerce giant who was informed in the fourth quarter's earnings waived that it received approximately 850,000 applications for hourly positions in October 201

8 alone. It was "more than double the previous record for most applications received in a month," the release said.

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Amazon added that wage increases, which came into force last November for all hour workers, affected more than 250,000 US employees and another 17,000 workers in the UK. More than 200,000 seasonal workers employed in the busy holiday sales season also saw a paycheck.

Amazon implemented the change among heavier investigations and pressures from critics, especially since Bernie Sanders (I-VT), who had called on the company to improve its pay practices. Although well received, the wage plan further investigated Amazon's acknowledgment that the share price and incentive-based bonus would also be phased out.

The Seattle-based company rejected the criticism, claiming that the "minimum rate of pay" more than "compensates" hourly staff lacking solely shares and incentive bonuses. Amazon also said that its public policy team would advocate a federal minimum wage increase.

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Amazon beat expectations for fourth quarter sales and earnings on Thursday, but stocks fell as the company weakly provided first quarterly guidance. The e-commerce dealer reported full-year revenue of $ 232.9 billion in fiscal 2018.


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