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Walgreens Will Increase Hourly Minimum Wage to $15

By November of next year, Walgreens plans to be paying all its hourly employees a minimum hourly wage of $15. The wage hike will take place in phases. Walgreens joins many other retailers in raising wages and offering other incentives to work in stores and warehouses. With the holiday shopping season fast approaching, retailers are concerned that they will not be able to staff up adequately to meet increased demand. The nationwide labor shortage has pushed these retailers to compete for workers with better pay and incentives.

“Investing in and rewarding our team members is not only the right thing to do, it’s highly important to retaining and attracting a talented workforce,” Chief Executive Officer Roz Brewer said in a statement.

Read the full story at Reuters.