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Amazon.com said on Wednesday it is investing more than $1 billion to raise pay and lower health-care costs for U.S. fulfillment and transportation employees, pushing up the average total compensation to over $30 an hour including benefits.

The technology giant said the average pay would increase to more than $23 per hour, adding that full-time employees will see their pay increase by $1,600 per year, on average.

The company is lowering the cost of its entry-level health-care plan to $5 per week and $5 for co-pays, starting in 2026, representing a 34% drop in weekly contributions from employees.

Amazon had more than 1.5 million full-time and part-time employees at the end of last year. The company also hire

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