Amazon just raised its minimum wage to $20. It’s not as high as it sounds

Just in time for its busiest season, Amazon has raised wages for its frontline workers, bringing their starting pay to $20 an hour. The boost amounts to a $1 increase in minimum hourly wages for the hundreds of thousands of workers who staff the company’s warehouses. The new pay increase raises wages just as Amazon is gearing up for the holidays, when the tech giant sees a massive boost in orders. Amazon has historically staffed up in anticipation of this period, hiring an estimated 250...