Home Depot says it’s investing $1 billion in wage increases for its U.S. and Canadian hourly workers.
FILE - The Home Depot store is shown, Friday, May 14, 2021, in North Miami, Fla. Home Depot reports quarterly financial results reports quarterly financial results Tuesday, Nov. 15, 2022
Home Depot said Tuesday it’s investing $1 billion in wage increases for its U.S. and Canadian hourly workers. The Atlanta-based home improvement chain said every hourly employee will get a raise starting this month. Starting pay will be at least $15 per hour in all markets., where unemployment is at its lowest level since 1969. Walmart announced in January that it would be raising its hourly wage to an average of $17.50, while Target invested $300 million in hourly wage increases last year.
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