Home Depot says it will spend $1 billion to give hourly workers a raise
Publishing timestamp: 2023-02-21 06:59:31
Summary
Home Depot announced it will spend an additional $1 billion to raise hourly employees' wages, joining Walmart in raising wages for its employees. Home Depot's move signals that the labor market is still tight, and other retailers and restaurants are competing for workers. Home Depot's CEO said the investment will help them attract and retain the best talent.
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Keywords: business, retail industry, home depot inc, chipotle mexican grill inc, breaking news: business, walmart inc, business news,
Source: https://www.cnbc.com/2023/02/21/home-depot-hourly-workers-raise.html