The merger of Amazon and the popular Zillows, which allows customers to rent and store their own goods online, has sparked concern among some members of Congress.
Amazon recently said the merger would bring benefits including more jobs, better products and access to services like shopping and scheduling, but the deal also could impact employees’ compensation.
A report last month from the Economic Policy Institute found that if the merger goes through, ZillOWs hourly pay will drop about 40 percent and the median home price will increase by $6,000.
“We think that the merger will have a big impact on people’s lives, including the jobs they will have and the types of jobs they are likely to be able to do,” said the report’s author, Ryan Avent, an economist at the Economic Club of New York.
However, Amazon has already said the deal will help it create “a new marketplace that will allow people to buy, rent, and store a wide range of products that they want.”
The company also plans to hire more than 200,000 people to support the merger.
The company also has said that it will use the merger to improve its service to members.
Amazon’s head of business development, Marc Andreessen, told members of the Senate Finance Committee in June that the company will offer a new way for members to buy products on Amazon.com.
Amazon also announced last month that it is investing $200 million in the Zillowed service.
The company is looking to expand its Zillower app to include a home delivery option.