Amazon was also under fire for poor pay prior to raising the minimum wage to $15. According to an article published last October by The New York Times, employee are fuming over the shrink in total compensation, as Amazon will "no longer give out new stock grants and monthly bonuses".
In Thursday's letter, Bezos wrote: "Today I challenge our top retail competitors (you know who you are!) to match our employee benefits and our $15 minimum wage". In an annual letter to his shareholders on Thursday, Bezos compared the growth in merchandise sales of third-party sellers on Amazon since 1999 with the growth of third-party sales on eBay in the same period.
"We will work hard to make good bets said Bezos but not all good bets will ultimately pay out".
Amazon's wage hike came at a time when USA unemployment was at a near two-decade low as retailers and shippers were competing for hundreds of thousands of workers for the all-important holiday shopping season.
ICC judges turn down request for Afghanistan war crimes probe
U.S. administrations have long criticised the ICC, arguing its soldiers could become the subject of political lawsuits. The United States is one of the countries not to ratify or sign the Rome Statute, the treaty which created the ICC.
After years of Amazon taking salvos of criticism for the treatment of its workers, Bezos said it's not just the wage hike where the company has progressed.
Target has already announced plans to raise its wage from $12 to $13.
Days after Amazon, owned by billionaire Jeff Bezos, confirmed that it is working on a project to launch a network of satellites for high-speed internet services, the news of the launch got competitor Elon Musk's notice. If the size of your failures isn't growing, you're not going to be inventing at a size that can actually move the needle.
Customers have bought more than 100 million devices equipped with Alexa, Amazon's virtual assistant, Bezos wrote, celebrating the rapid success of the company's Echo smart speakers.
Inc. churned out profits last year that exceeded $10 billion, more than tripling net income from the previous year.