"For nearly 50 years, Starbucks has been a leader in providing relevant, industry-leading benefits and a total compensation approach that is best-in-class for both part and full-time employees," a Starbucks spokesperson said in a statement. "Continuing in that tradition, this announcement is the next phase of its commitment to ensuring the well-being of partners with one of the most significant investments to hourly pay in the U.S. in the history of the company."
A strategy the company has used for years can help reduce the effects of external cost hikes, executives say.
President-elect Joe Biden has proposed increasing the federal minimum wage to $15 by 2026, up from the current $7.25. Raising the pay floor would help low-wage workers, Mr. Biden said before the Nov. 3 elections.
The federal minimum wage remains at $7.25.
The current minimum wage in Florida is $8.56.
Ballot Amendment 2 would raise Florida's minimum wage to $15 an hour.
In efforts to prioritize people before profit, the greek yogurt company is paving the way for corporate responsibility amid a global pandemic
White House economic adviser Larry Kudlow ripped Democratic presidential candidate Joe Biden for pledging to raise the federal minimum wage to $15 per hour.
In 2014, Hobby Lobby raised its full-time minimum hourly wage to $15.
Best Buy employees are seeing a 4 percent pay bump, replacing the incremental hourly appreciation pay that began on March 22 as short-term incentive compensation for their working during the coronavirus pandemic.
From education and health care, manufacturing and construction through to business and agriculture, American jobs vary in wages.
Billionaire investor Mark Cuban said Thursday that the economy will need a federal minimum wage hike to help workers get back on their feet, especially post-coronavirus.
The governor wants the wage increase to kick in May 1, 2021, instead of in January 2021.
Students at a high school in Jackson, Tennessee are gaining their traditional education while learning the skills needed to work in the manufacturing sector.
Each state has interpreted what a minimum wage is differently, so which one has the lowest?
Amazon's plan to build a mega-fulfillment center in a suburban Illinois city is drawing protest from the mayor.
A farmer discusses how raising minimum wages would impact business-owners like him, as well as American consumers.
Democratic presidential candidate Tom Steyer's plan to raise the federal minimum wage to $22 per hour is "absurd," former McDonald's USA CEO Ed Rensi warned FOX Business' Dagen McDowell Monday.
The federal minimum wage rate has remained at $7.25 per hour for the past decade.
National Kitchen & Bath Association CEO Bill Darcy shares how he plans to teach middle and high schoolers about job opportunities in his industry.