[US] Major retailers’ hourly rates of pay ranked

Despite surging inflation, some US workers have seen their wages rise and major retailers have been at the forefront of the hourly pay spike, The U.S. Sun reports.

According to Pew Research Center, the average hourly wage for low-income workers rose to $11.70 from $10.79 in the second quarter when compared to the same period in 2019.

Low-income workers have seen their hourly pays boosted to an average of $11.70. The median hourly wage for high-income earners rose to $52.68 from $50.59.

Since the onset of the COVID-19 pandemic, many large retailers have raised hourly wages for employees. These include five of the biggest household names:

Amazon

Amazon recently boosted the average starting wage for its workers to $18 an hour, according to Reuters. It now offers the best rate of the five retailers.

Although the average will increase, its base pay remains at $15 an hour. The e-commerce giant reportedly plans to hire 125,000 workers.

As of its latest earnings report in July, Amazon employed 950,000 workers.

Target

Target last increased its minimum wage to $15 an hour in the summer of 2020.

Target recently said it will pay its retail, service centre, and select headquarters employees an extra $2 an hour.

To be eligible, employees must work Saturdays and Sundays from November 20 to December 19.

The bonus will also be available on December 24 and December 26.

In addition, hourly supply chain employees can get the extra $2 per hour raise for working two-week periods between October 10 and December 18.

Target has more than 350,000 employees.

Walmart

Walmart has been criticised by labour advocates - including Vermont Senator Bernie Sanders - however, the company has just raised wages for the third time in the past year.

In the US, Walmart now pays an average hourly wage of $16.40. But it still doesn’t pay a $15 minimum wage. Its minimum wage is now $12 an hour following the latest hike.

According to Walmart, it employs nearly 1.6 million associates in the US.

Costco

In February, Costco said it would increase its starting wage to $16 per hour, the first time in two years the chain had lifted wages for workers. The rate was previously $15 per hour.

According to Costco, it has 275,000 employees globally.

Home Depot

Home Depot has not released any specifics on its minimum wage.

It did say in late 2020 that it would invest $1billion a year in liftings wages. However, while pay can vary state by state, the average hourly wage at Home Depot is $13.13, according to PayScale.

Home Depot employs about 500,000 workers in the US, Mexico, and Canada.

Source: The U.S. Sun

(Links via original reporting)

Despite surging inflation, some US workers have seen their wages rise and major retailers have been at the forefront of the hourly pay spike, The U.S. Sun reports.

According to Pew Research Center, the average hourly wage for low-income workers rose to $11.70 from $10.79 in the second quarter when compared to the same period in 2019.

Low-income workers have seen their hourly pays boosted to an average of $11.70. The median hourly wage for high-income earners rose to $52.68 from $50.59.

Since the onset of the COVID-19 pandemic, many large retailers have raised hourly wages for employees. These include five of the biggest household names:

Amazon

Amazon recently boosted the average starting wage for its workers to $18 an hour, according to Reuters. It now offers the best rate of the five retailers.

Although the average will increase, its base pay remains at $15 an hour. The e-commerce giant reportedly plans to hire 125,000 workers.

As of its latest earnings report in July, Amazon employed 950,000 workers.

Target

Target last increased its minimum wage to $15 an hour in the summer of 2020.

Target recently said it will pay its retail, service centre, and select headquarters employees an extra $2 an hour.

To be eligible, employees must work Saturdays and Sundays from November 20 to December 19.

The bonus will also be available on December 24 and December 26.

In addition, hourly supply chain employees can get the extra $2 per hour raise for working two-week periods between October 10 and December 18.

Target has more than 350,000 employees.

Walmart

Walmart has been criticised by labour advocates - including Vermont Senator Bernie Sanders - however, the company has just raised wages for the third time in the past year.

In the US, Walmart now pays an average hourly wage of $16.40. But it still doesn’t pay a $15 minimum wage. Its minimum wage is now $12 an hour following the latest hike.

According to Walmart, it employs nearly 1.6 million associates in the US.

Costco

In February, Costco said it would increase its starting wage to $16 per hour, the first time in two years the chain had lifted wages for workers. The rate was previously $15 per hour.

According to Costco, it has 275,000 employees globally.

Home Depot

Home Depot has not released any specifics on its minimum wage.

It did say in late 2020 that it would invest $1billion a year in liftings wages. However, while pay can vary state by state, the average hourly wage at Home Depot is $13.13, according to PayScale.

Home Depot employs about 500,000 workers in the US, Mexico, and Canada.

Source: The U.S. Sun

(Links via original reporting)