JEFFERIES: Amazon just raised its minimum wage to $15 — here are the costs and benefits (AMZN) -

Amazon announced Tuesday that it will increase the minimum wage for its US and UK employees to $15 starting next month.

The wage hike will cost the e-commerce giant $1.5 billion per year and dilute earnings per share by 8% in 2019, according to Jefferies.

The incremental cost is affordable and beneficial for Amazon, said Jefferies analyst Brent Thill.

 Watch Amazon trade in real time here.

Amazon is raising its minimum wage to $15 per hour following pressure from Sen. Bernie Sanders, and...

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