Ikea raises minimum wage for US workers 2nd year in a row

Ikea raises their minimum wage

Ikea's U.S division is raising the minimum wage for the second year in a row as the Swedish ready-to-assemble furniture chain looks to improve its relations with workers and reduce worker turnover.

Starting Jan. 1, Ikea's average minimum hourly wage will increase to $11.87, which is $4.62 above the current federal wage and marks a $1.11 increase, or 10 percent, from this year's average minimum pay.

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The increase will affect 32 percent of Ikea's 10,500 U.S. store workers and will raise the average hourly wage to $15.45. That's up from the current $14.19 per hour. The increase also covers workers in some distribution centers.