What Amazon's retail wage challenge should tell you about the coming AI Labor impact.
Amazon CEO Jeff Bezos challenged competitors in a letter Thursday to match or exceed the retailer’s pay and benefits. The company raised its minimum wage to $15 per hour in 2018 and companies like Target and Bank of America have made similar moves. A Walmart executive responded to the letter on Twitter by implying that Amazon should pay taxes on its more than $11 billion in profit from 2018. EBay CEO Devin Wenig said he’d rather spend his annual letter discussing customers, purpose and strategy.