From an $18 hourly wage to the 'new factory town,' Amazon is taking the lead on lifting up America's working class
That bounce is set to repeat itself, with Amazon's latest hiring boom touting an average starting wage of $18. While Democratsfor the first time in 20 years, Amazon's expansion is shifting the de-facto floor above the party's $15 target.
By 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,."Maybe these highway warehouse communities with jobs that pay increasingly respectable wages are what the future of the working class looks like."
Data shows Amazon hubs already powering stronger economic growth. In Amazon's top 10 metro areas, job creation averaged -0.4% in the three years before the company's entry,reported in 2018, citing Morgan Stanley research. In the three years after its first facilities opened, local job growth averaged 1.9%.
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