Amazon Will Now Pay Its Employees at Least $15 an Hour

Amazon is raising its hourly wage to $15 for all full-time, part-time, temporary, and seasonal employees in the U.S.

The online retail giant released a statement explaining the wage increase. It'll affect over 350,000 employees, 100,000 of those being seasonal workers who are hired on to help out with the holidays.

The increase in pay comes after plenty of public pressure. "We listened to our critics, thought hard about what we wanted to do, and decided we want to lead," said Jeff Bezos, Amazon Founder and CEO. "We're excited about this change and encourage our competitors and other large employers to join us."

Employees will continue to receive Amazon's pretty solid benefits, including comprehensive healthcare, company-paid life and disability insurance, up to 20 weeks of paid parental leave, 401k matching, and more.

The increase in pay will take effect on November 1st.