Amazon informed employees about a major change coming to their pay structure Monday morning. The company raised the cap for its base pay to $350,000 as part of its larger package of stock and cash compensation for corporate and tech employees. The maximum base pay has long been $160,000. The move has implications not only for Amazon employees but for the broader tech industry. 

Garry Straker, senior compensation consultant at salary.com, spoke with GeekWire's Todd Bishop about the Amazon news, the future of work and the major changes taking place in the world of employee pay.

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