“Home Depot says it will spend $1 billion to give hourly workers a raise”
February 21, 2023
“Home Depot on Tuesday said it will spend an additional $1 billion to give its hourly employees a raise, as retailers and restaurants compete for workers.
The home improvement retailer announced the wage investment as it reported fourth-quarter earnings. It did not disclose the new average wage for employees, but said every market’s starting wage is at least $15 an hour.
Hourly workers will see the increase, which went into effect on Feb. 6, this month in their paychecks. The increase will boost pay for all hourly workers in the U.S. and Canada…”
https://www.cnbc.com/2023/02/21/home-depot-hourly-workers-raise.html