2/28/2023 0 Comments Miami factory town![]() ![]() "It's the first thing employers think about when a new Amazon facility arrives in town." Building the next-generation 'factory town'īy dramatically expanding its footprint, Amazon could form a new kind of "factory town" that would further lift the country's working class, as Conor Sen, an economics columnist at Bloomberg, wrote Thursday. ![]() "I don't think people appreciate the extent to which Amazon puts a wage floor in a community," Tum Duy, chief economist at SGH Macro Advisors, wrote in a Tuesday tweet. While Democrats failed earlier this year to lift the minimum wage for the first time in 20 years, Amazon's expansion is shifting the de-facto floor above the party's $15 target. That bounce is set to repeat itself, with Amazon's latest hiring boom touting an average starting wage of $18. Amazon's hike raised average hourly wages by 4.7% at nearby employers, according to researchers at the University of California, Berkeley and Brandeis University. ![]() Larger businesses including Levi's and Under Armour have said Amazon's rates forced them to rethink their own wages. One Miami chef told The Washington Post that higher pay in Amazon warehouses made hiring in a strenuous kitchen more difficult. The company set a $15 minimum wage in 2018, and it quickly prompted other employers to either match this rate or lose workers. While the federal minimum wage remains $7.25 an hour, the retail titan is setting its own, higher minimum. It's a goal shared by the Biden administration, which has repeatedly stressed it wants to build the economy "from the bottom up and middle out."Īmazon is his unlikely partner in this effort. Amazon's leadership on wages recalls that of Henry Ford's action to lift his minimum wage in 1914, as Insider's Hillary Hoffower and Allana Akhtar previously reported. ![]()
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