Amazon announced Tuesday it’s raising its minimum wage to $15 per hour for all U.S. employees.
The new wage will apply to full-time, part-time, seasonal and temporary workers.
“We listened to our critics, thought hard about what we wanted to do, and decided we want to lead,” Jeff Bezos, Amazon’s founder and CEO, said in a statement. “We’re excited about this change and encourage our competitors and other large employers to join us.”
The company said more than 250,000 of the company’s employees will benefit from the wage hike.
Baby boomers don’t seem to realize the value of a $20
I’ll use my parents: let’s say they were born in 1960, near the tail end of the baby boomer era. In 1980, they use $20 to buy their essientials like groceries and paying bills. That’s fine.
Skip ahead to me. I was 20 in 2014. Let me show you how little their $20 is actually worth because of inflation.
6 dollars and freaking 65 cents.
There’s not much you can buy if you’re trying to shop like a “regular” person and not just penny pinch, bragain hunt, or want to eat semi decently (so avoiding the cardboard known as “great value” and avoiding mcD $1, $2, $3 and $5 menu).
$20 in the 1980s was worth something. Now, it ain’t shit.
The older generation needs to stop forgetting this thing known as inflation