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AMAZON UPS MINIMUM WAGE TO $15 FOR ALL FULL, PART-TIME AND SEASONAL EMPLOYEES

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Starting November 1st, Amazon will pay all its US employees a minimum wage of $15 an hour in a move that e-commerce giant expects to impact more than 250,000 full- and part-time employees and 100,000 seasonal workers. Amazon has also said that it will be lobbying for an increase in the Federal minimum wage, currently set at $7.25 an hour.

Amazon has been facing an increasingly severe backlash over the treatment of its warehouse workers. Senator Bernie Sanders had previously taken aim at the company’s median salary of around $28,000, claiming that one in three Amazon workers in Arizona are on public assistance. A recent Amazon SEC filing put the median salary at $28,446 (implying half its workers are earning less). A $15 hourly salary for an employee working 40 hours per week translates to a gross yearly income of $31,200 before overtime, or about $30,000 per year with two weeks unpaid vacation.

This $15 hourly wage will be paid without the need to hit any targets, the company says. Operations and Customer Service employees already on hourly salaries of $15 will also see an unspecified increase. Wages for retail sales workers in the US average $13.20, according to the Bureau of Labor Statistics.

“We listened to our critics, thought hard about what we wanted to do, and decided we want to lead,” said Amazon CEO Jeff Bezos. “We’re excited about this change and encourage our competitors and other large employers to join us.”

The company also announced that it would be imposing a minimum wage of £9.50 in the UK (up from £8.50), rising to £10.50 (previously £8.20) for employees in the expensive London area. The UK’s Living Wage Foundation defines a living wage as £8.75 across the UK, rising to £10.20 in London. Amazon’s new minimums exceed both.

The move was met with cautious praise by campaigners. James Bloodworth, the British journalist who spent three weeks working undercover at an Amazon fulfillment center in the UK, tweeted, “This is good, though a lot more still to do…now stop with the draconian productivity targets are disciplinary policies.”

Amazon isn’t the only company to raise its salaries in the light of criticism. Earlier this year, Walt Disney Co agreed to increase wages for some of its Walt Disney World workers to $15 an hour. Walmart and Target both increased their respective minimum wages to $11 an hour this year, with Target planning to raise it to $15 in 2020.

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Business

Facebook acquired a brain-computing startup for more than $500 million

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Facebook announced the acquisition of CTRL-labs on Monday, for an undisclosed sum. A report in Bloomberg said Facebook paid somewhere between $500 million and $1 billion for the company, citing anonymous sources.

“The vision for this work is a wristband that lets people control their devices as a natural extension of movement,” Facebook executive Andrew Bosworth wrote in a blog post announcing the deal.

This story is developing…

Source: https://www.pulse.ng/bi/tech/facebook-acquired-a-brain-computing-startup-for-more-than-dollar500-million-fb/zehqvwr

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Samsung to invest $115 billion in its foundry business by 2030

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Samsung is earmarking $9.5 billion a year for Samsung LSI and Samsung Foundry.

Samsung Electronics is one of the largest semiconductor players around, and the manufacturer is investing $115 billion (133 trillion won) over the next 12 years to take on Qualcomm and Intel. Samsung says its goal is to become the world leader in semiconductors and logic chips, and the company will invest $9.5 billion a year from now through 2030.

Samsung will invest $63.4 billion (73 trillion won) toward domestic R&D — where it is looking to add 15,000 jobs to “bolster its technological prowess” — and spend $52 billion (60 trillion won) toward production facilities that will make the logic chips. Samsung has long been the dominant player in the memory business, but with that market shrinking the South Korean manufacturer will be looking to diversify.

While the $115 billion seems like a staggering amount at first, it’s in line with what Samsung has been spending in recent years. Just last year alone Samsung invested over $15 billion in R&D, and Intel also spent over $10 billion toward developing new products.

Source: https://www.androidcentral.com/samsung-investing-115-billion-take-qualcomm-and-intel

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Apple will start selling AirPods 3 by the end of 2019

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Apple is expected to start selling third-generation AirPods by the end of 2019. One big difference is that the new wireless headphones will have a noise canceling feature. At the level of the companies that will be involved in this project, we have Inventec, from Taiwan, that will be responsible for the production of the AirPods 3, while Luxshare Precision, also from China, will also receive part of the orders.

AirPods 3 arrive until the end of 2019 with new functionalities

Apple has dominated the wireless headphone market and will continue to do so. Statistics show that this company sold 35 million AirPods in 2018, which translates into a 75% global market share. As we said, the AirPod sales boom is expected to continue, with annual shipments for distribution rising to 50 million devices by 2019.

Of course, when a market becomes profitable, competition arises. Inspired by rising sales of AirPods, many brands like Huawei, Xiaomi and even companies like Microsoft, Amazon, and Google are betting on wireless headphones to meet strong demand.

To meet the challenges of rivals, Apple and its partners want to raise the bar.

That said they will add new features to AirPods 3, including the noise canceling function. However, do not think this is an easy task.

Noise canceling technology consumes a significant amount of battery. Since AirPods are not the king in this field, the runtime may be even more affected.

It is not known now what Apple could do and if it is even going to consider a change in design. Because considering the integration of new features, it may be necessary to increase the size of the battery. This requires more space. However, the solution may also involve shrinking the other components to accommodate the larger battery.

However, in addition to the design change, Apple may also be considering adding new colors to AirPods 3.

Source: https://techlector.com/apple-will-start-selling-airpods-3-by-the-end-of-2019/

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