Uber is closing the pay gap between it’s lowest and highest paid employees. They are also raising wages overall.
Reports state that the lowest wage earners for the company will be bumped up to the current median wage. Additionally, all employees in technical roles will benefit from a 10% wage increase. If a technical employee has a wage above the new median wage, they will receive a 5% wage increase, unless they’ve been an employee for at least 3 years. Finally, all employees will receive a 2.5% wage increase every year.
This is a great change for employees, but for a company that has hardly been profitable, what will the consequences be for the company itself if it’s spending more money on it’s employees?
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