Retail

Walgreens to raise wages for hourly workers to $15 by November 2022

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A person enters a Walgreens store in San Francisco, California, U.S., on Tuesday, April 13, 2021.

David Paul Morris | Bloomberg | Getty Images

Drugstore chain Walgreens Boots Alliance announced on Tuesday that it will raise its wages for hourly workers in phases, with the goal of reaching $15 per hour by November 2022.

Initial pay hikes will take place in October. Its current starting wage is $10 per hour, but the company said around half of its 190,000 hourly workers earn at least $15 an hour.

The move comes as retailers compete for workers in a tight labor market. Earlier this month, competitor CVS Health raised its minimum wage and took away its education requirements for workers. CVS…



Source cnbc.com

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