Behemoth: Announcement and Workers

behemoth: Yet even the biggest company, this behemoth of behemoths, is vulnerable to concerted political pressure and has to live with the basic laws of demand and supply, according to The Guardian. That, put simply, is the explanation for Amazon's announcement of seriously big increases in minimum wages for its workers in the US and Britain. It has come from nowhere to be an online behemoth in less than one-quarter of a century. On the other side of the Atlantic, no worker will be earning less than 15 11.50 an hour double the federal minimum. To be sure, it could be said that a company boasting record profits can afford to pay its workers a decent wage particularly when large numbers of them in the US can only make ends meet on government food stamps but that is not the way businesses are run. Here, the minimum has been raised by 28% for workers in London and 18% for those in the rest of the UK. Forget the idea that this is an act of philanthropy from Amazon's founder and chief executive, Jeff Bezos. (news.financializer.com). As reported in the news.