“Ikea’s U.S. division is raising the minimum wage for thousands of its retail workers, pegging it to the cost of living around each store, instead of its competition,” reports the AP.
The 17% average raise, announced by the Swedish furniture company yesterday, will take effect Jan. 1 and increase the average wage to $10.76 an hour, from the previous $9.17.
(READ the AP story via the Detroit Free Press)
Story Tip from Joel Arellano