Amazon gives its workers a raise of $1 per hour

Amazon is raising the minimum starting pay for its U.S. core operations workers — like delivery drivers and fulfillment center employees — to $20 per hour and its average hourly pay to nearly $24 per hour. The company notes the higher pay represents an increase of $1 per hour for eligible employees.

“When you add in the value of our industry-leading benefits, average total compensation comes to more than $32 per hour,” Amazon Senior Vice President Udit Madan wrote in a blog post .

The investment in these raises comes out to over $1.5 billion, or about 0.06% of its $2.68 trillion market cap.