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.
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