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Amazon is receiving high-praise for raising its minimum wage to $15.

There’s just one shocking detail that is flying under the radar.

It’s apparently not important for the media to note that hourly workers are losing their monthly bonuses and stock awards.

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Trending: WATCH: Warren Blatantly Lies About Parents Eloping Because Mom Was Indian

Kind of weird, no?

From Western Journal:

Amazon, with centi-billionaire CEO Jeff Bezos at its helm, has increased its minimum wage for hourly workers to $15 per hour.

CNBC reported that the company confirmed via email that they are getting rid of incentive pay and stock option awards in order to afford the hike.

Amazon believes that their new plan “more than compensates” for the loss in benefits, CNBC reported.

Continued:

“The significant increase in hourly cash wages more than compensates for the phase out of incentive pay and [restrictive stock units],” Amazon’s spokesperson said in a statement emailed to CNBC.

“We can confirm that all hourly Operations and Customer Service employees will see an increase in their total compensation as a result of this announcement. In addition, because it’s no longer incentive-based, the compensation will be more immediate and predictable.”

More from The Guardian:

Tim Roache, the GMB’s general secretary, said Amazon had not said “a dicky bird about cutting staff benefits” when the new hourly pay rates were announced.

Roache added: “This is a basically a stealth tax by the employer on its own wage increase – a clear case of robbing Peter to pay Paul.

“If Jeff Bezos – the richest man in the world – really wants to give hardworking staff a pay rise, he should let them keep their share options as well as increasing their hourly rate.”

Continued:

Amazon confirmed the incentives were being withdrawn, and on a blog post explaining the changes to staff, the company said it had made the changes because “hourly fulfilment and customer service employees [said] that they prefer the predictability and immediacy of cash [to share bonuses]”.

It said it would be phasing out share bonuses and would replace them with a sharesave scheme, which allows employees to buy shares at a discount over three or five years.

Independent Sen. Bernie Sanders (VT) is now calling on McDonald’s to follow suit:

If you were (or are) an Amazon employee, how would (do) you feel about this?

Happy? Sad? Elated? Mad?

Let us know what you’re thinking…

 

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