Ikea's Minimum Wage Hike Was So Successful, It's Raising Wages Again

[geardaddy]

http://www.huffingtonpost.com/2015/06/24/ikea-minimum-wage_n_7648804.html?utm_hp_ref=tw

WASHINGTON -- A year after it first announced a major minimum wage hike in its U.S. stores, Ikea said Wednesday that it plans to implement another nationwide raise to its wage floor next year, bringing the average store's starting pay to nearly $12 per hour.

Under the system that the ready-to-assemble furniture maker first established in January, the starting wage for any given store in the U.S. reflects the cost of living in that particular area as determined by the MIT Living Wage Calculator, which takes into account the local cost of rent, food, transportation and the like. After the second round of raises, which is slated for this coming January, all of the company's U.S. stores will be paying at least $10 per hour, and the average minimum wage across all locations will be $11.87 -- a 10.3 percent increase over the previous year, according to the company.

Rob Olson, chief financial officer for Ikea U.S., told The Huffington Post that the company is already reaping dividends from its decision to hike the wage floor and to factor in the local cost of living in doing so.

The rest at link.

[Sherman A1]

1. K&R!

[geardaddy]

2. Kickety.

[mountain grammy]

3. Good to hear, I used to like Ikea, but have been avoiding

their new store in the Denver area when I learned about their labor practices in the US. I heard they got some pressure from their mostly unionized workforce in Sweden.