Amazon is investing over $1.5 billion to raise hourly wages for its U.S. operations staff to $20 and introduce new financial and retail benefits.
Recent economic studies suggest that AI may be suppressing wage growth in highly exposed sectors before significantly impacting overall employment numbers.
Inflation in the U.S. has outpaced wage growth, leading to a decline in real hourly earnings and forcing many consumers to cut back on nonessential spending.
Japanese real wages rose 2.4% in July, the highest increase since 2021, paving the way for potential Bank of Japan interest rate hikes.
