IKEA to Raise Minimum Wage to $10.76 in All US Stores

It says the hike won't increase prices for customers

   

Furniture retailer IKEA plans to boost the minimum wage it pays its workers in the U.S.

ikea 300x223 IKEA to Raise Minimum Wage to $10.76 in All US StoresIKEA 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.

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