Despite an increase in vaccinations and easing COVID-19 restrictions, the U.S. is experiencing a labor crunch that’s prompting many big-name retailers and corporations to increase wages and add lucrative incentives in a bid to attract much-needed workers. Here are some highlights.
- Amazon revealed it would be hiring 75,000 employees across its fulfillment and transportation sectors, with average compensation starting at over $17 per hour.
- Bank of America announced Tuesday it was increasing its minimum wage to $26 an hour by 2025, according to their Chief Executive Officer (Brian Moynihan).
- McDonald’s recently announced that it will raise hourly wages by an average of 10% for more than 36,500 employees at more than 660 U.S. restaurants.
- Chipotle said it would lift the average hourly wage for its restaurant workers to $15 an hour, in addition to offering employee referral bonuses of $200 for restaurant workers and $750 for general managers.
Despite the hiking wages in these — and many other — companies, the U.S. Congress continues to fight over a $15 per hour federal minimum wage.
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