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Amazon Edits Wage Hike Plan

Amazon Edits Wage Hike Plan

Amazon (AMZN) has revised its pay plan a bit to enhance compensation for long-time workers after controversy resulted from its initial wage hike announcement. Under the revised pay plan, the hourly wage for employees who already earn $15 an hour is going up by $1.25 an hour. Amazon’s enhanced pay plan for hourly workers, which is scheduled to take effect on November 1, has eliminated bonuses and stock awards.