Amazon Launches Payday Advances for Its Most Precarious Warehouse Workers Amazon's new payday advance program also doesn't appear to be as predatory as some payday loan companies, which make their revenue by charging high interest rates to people who need access to cash quickly. In 2018, following harsh rebukes from Vermont Senator Bernie Sanders that Amazon was paying poverty wages, the company agreed to raise its minimum wages to $15 an hour for all its U.S. employees. At the time, reports had surfaced that one in three Amazon warehouse workers in Arizona depended on food stamps and the company's median salary was $28,000 a year. Amazon's concession to pay workers more was a victory for labor, as the company sets the standard for working conditions in the e-commerce industry. But many warehouse workers, particularly those working in cities where the cost of living has skyrocketed-are still barely scraping by. In March, Amazon raised its minimum wage from $15 an hour to $17 an hour to compensate workers for the health and safety risks of working during the pandemic. But the company ended that benefit in May, and warehouse workers expressed frustration that the company was cutting them off as major COVID-19 outbreaks continued to surface in Amazon warehouses. "As is generally required by law applicable to pay cards, the Wisely pay card provides cardholders with the ability to access the full amount of pay without incurring any fees," the Wisely spokesperson said. "As is customary with pay card solutions, the Wisely card generates revenue from transaction fees, for example, merchant interchange fees and certain ATM fees. It is important to note that pay card fee disclosure is required by law and all Wisely card fees charged by ADP are disclosed to our cardholders when they sign up for the card." Do you work for Amazon and have a tip to share with us? Please get in touch with the reporter Lauren Gurley via email Lauren.gurleyvice.com or on Signal 201-897-2109. A spokesperson for Amazon told Motherboard that Amazon is not paying Wisely to use its services, and would not charge employees for using the Anytime Pay Program, inactivity, or transferring Anytime Pay to their Wisely card.
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