IKEA Joins Movement Of Minimum Wage Increase
Home furnishings company Ikea announced today that it will increase it’s minimum wage by 17%. Their plans to adopt this wage structure will impact all 38 of their United States stores, and will roll out as a location based raise increase based on cost of living versus as an across-the-board minimum wage for all collective stores. Ikea’s acting president, Rob Olson, explained that by increasing employee wages, he believes it will be a trickle effect for Ikea at large. The White House also supports this movement, having introduced a campaign to “Raise the Wage” and encourages employers to lift hourly wages for the 28 million Americans that fall into this pay category. Currently at $7.25, an increase to $10.10 is – in theory – meant to help grow the economy and encourage more spending.
“IKEA Joins Movement Of Minimum Wage Increase” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.