How much do you make at Amazon?
The answer to that question will be more next month than it is today for many workers, after Amazon announced this morning that it would pay all its employees at least $15 an hour in the U.S.--including part-time, temporary and seasonal workers.
Ultimately that means 250,000 current employees will be getting a raise, and another 100,000 who will be hired as seasonal workers will be making more than they otherwise would.
"We listened to our critics, thought hard about what we wanted to do, and decided we want to lead," said Jeff Bezos, Amazon founder and CEO. "We're excited about this change and encourage our competitors and other large employers to join us."
Here's what else is on our must-read list today:
It's not NAFTA. It's the USMCA
U.S. dairy farmers get better access to the Canadian market. Canada holds onto a dispute resolution mechanism that President Trump wanted to ditch. And NAFTA is now called the U.S. Mexico Canada Agreement. Here's what else came out of the marathon midnight negotiating session.--Brian Naylor, Scott Horsely, Dina Kesbeh, NPR
The difference between you and your company
Stanley Kaplan ran his now-ubiquitous test prep company for 50 years, and suffered from extreme depression after selling it in the 1980s. The experience reverberates in the mind of his grandson, Scott Belsky, who sold his company Behance to Adobe in 2012 for $150 million. Can you separate the company you've built from your own identity?--Scott Belsky, Inc.com
Harvard, Wharton, and Stanford are calling
The economy is great, the job market is bonkers, and applications to MBA programs are way down for the fourth straight year. Even the top-ranked programs, like Harvard, Wharton, and Stanford, are seeing declines. If you ever thought you might want to pursue a top MBA, this might be a heck of a time.--Kelsey Gee, The Wall Street Journal
The Inc. Entrepreneurship Index
Just how good is the economy for startups and small businesses? Now, the Inc. Entrepreneurship Index provides an answer. It synthesizes more than 1 million data points, in order to provide a single, numerical score each quarter that reflects the health of the startup ecosystem, with a focus on job growth, access to capital, and business ownership. The score for the second quarter of 2018: 85 out of 100: good, but down from 87 in Q1, and 98 back in 2014.--Marli Guzzetta and Arnobio Morelix, Inc.com
Nice hand tattoo. When can you start?
Hand tattoos are apparently common now? If there was a time when visible ink could hurt your job prospects, well, the four in 10 Americans who were born after 1980 and have tattoos now beg to differ. Even if the ink is on their hands.--Jacob Gallagher, The Wall Street Journal
Comic Sans 2.0
For almost 25 years, the number one rule of being taken seriously has been 'Do Not Use Comic Sans.' But could it have a second life? Ask luxury European fashion house Balenciaga, which featured the font prominently at London's SS19 fashion show. It's no longer just hideous; it's ironically hideous. Expect to see Comic Sans on Old Navy t-shirts in about two years.--Sangeeta Singh-Kurtz, Quartz