Furniture retailer IKEA plans to boost the minimum wage it pays its workers in the U.S.
IKEA currently pays a minimum wage of $9.17 per hour to workers in the 38 stores it operates in the U.S, substantially higher than the federal minimum wage of $7.25 per hour. IKEA will raise its minimum wage to $10.76 an hour, USA TODAY notes.
An IKEA executive says the retailer is hiking its minimum wage because it wants to “create a better everyday life for our coworkers.”
While it is increasing the minimum wage for its employees, IKEA does not plan to hike the prices it charges customers. The privately-held retailer also says it won’t trim its workforce or slow new employee recruitment to offset the higher costs.
More Minimum Wage News:
- Vermont Is Raising Minimum Wage to $10.50
- Chicago Group Proposes $15 Minimum Wage
- Michigan Minimum Wage to Hit $9.25 by 2018
- Swiss Voters Reject $25 Hourly Minimum Wage
- Mitt Romney Supports Minimum Wage Increase
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