Amazon's stocks mount a billion-dollar counterattack, revealing their impact
In a significant move, e-commerce giant Amazon has announced that it will be investing over a billion dollars in higher wages and more affordable health insurance for its U.S. logistics employees. This wage increase translates to an average annual increase of $1,600 for full-time employees, with health insurance contributions for Amazon employees decreasing by 34% to just $5 weekly.
The hourly wage for Amazon employees will increase to over $23, a move aimed at avoiding expensive labor disputes and strengthening Amazon's position as an employer. This investment comes amidst the announcement of Amazon hosting a hardware event at the end of September, where new Kindle, Alexa, and Fire TV devices are expected.
The event is intended to launch the holiday shopping season, a period when Amazon also employs additional seasonal workers. The 2025 Prime Deal Days, a two-day shopping event, have been officially announced, suggesting that Amazon is gearing up for a busy holiday season.
The latest Amazon analysis from September 17 is available, providing insights on whether it's worth investing in Amazon or if it's better to sell. The analysis from September 17 suggests urgent action may be required for Amazon shareholders. However, as of September 17, 2021, no specific publicly available analyses regarding Amazon or explicit recommendations for investors about Amazon stock on that exact date were found in the current search results.
Amazon's investment is a calculated move, as last year, Amazon employees in seven U.S. locations went on strike during the holiday season. This move means fewer operational risks and more stable margins in the core business for investors.
The 2025 Prime Deal Days are not the only upcoming event for Amazon. The details of the analysis, including whether it's recommended to buy or sell Amazon stock, can be found in the link provided. For those interested, the analysis from September 17 is free to access.
As Amazon continues to grow, with 1.5 million full-time and part-time employees expected by the end of 2024, it remains a key player in the e-commerce industry. Stay tuned for more updates on Amazon's strategic moves and future developments.
