IKEA, known as the world’s largest furniture retailer, has announced its second minimum wage hike for employees in U.S. stores. This raise would increase IKEA’s hourly minimum wage from $10.76 to $11.87 – a 10 percent jump and exactly $4.62 over the current federal minimum wage. Considering retail sales workers in the U.S. normally receive an average wage of about $12.38, IKEA’s living wage announcement will push the company’s average U.S. store wage above $15. Beginning the first day of 2016, precisely 30 percent of U.S. IKEA employees will be earning at least $11.87, thanks to the retailer’s latest minimum wage hike. According to ... Read More
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