Amazon's minimum wage hike comes with a catch

Amazon's systemwide minimum wage hike to $15 per hour comes with a catch for some employees.

For hourly customer-service and warehouse employees, the company is slashing restricted stock units, or RSUs, and incentive-based bonuses.

“The significant increase in hourly cash wages more than compensates for the phase out of incentive pay and RSUs,” an Amazon spokesperson said in a statement. “We can confirm that all hourly operations and customer-service employees will see an increase in their total compensation as a result of this announcement. In addition, because it’s no longer incentive-based, the compensation will be more immediate and predictable.”

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