Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday challenged rival retailers to increase their minimum wages to $16 an hour.
"Today I challenge our top retail competitors (you know who you are!) to match our employee benefits and our $15 minimum wage," the billionaire entrepreneur said in a letter here to shareholders. “Do it! Better yet, go to $16 and throw the gauntlet back at us.”
The online retailer giant raised its minimum wage to $15 per hour for US employees from November, giving in to critics of poor pay and working conditions at the company.