Amazonannounced last week that it will increase the minimum wage for its US and UK employees starting next month. The tech giant said it would phase out its restricted stock unit program and variable compensations. Certain Amazon employees will actually "lose out" after the new wage change, Nomura Instinet said. Watch Amazon trade in real time here. Amazon announced last week that it is raising minimum wage for US and UK employees, but Nomura Instinet analysts say the pay hike comes at a cost.