Macy’s Boosts Its Hourly Wage to $15 Amid U.S. Labor Crunch

Nov. 8, 2021, 9:22 PM

Macy’s Inc. became the latest retailer to offer employees higher pay and sweetened benefits as U.S. companies struggle to attract needed workers.

The department-store chain will raise its minimum pay rate to $15 an hour across the company by next May. Macy’s is also starting an education benefit program for workers that covers the cost of tuition, books and fees, according to a statement from the company released Monday.

Once the higher pay goes into effect, Macy’s average base pay be more than $17 an hour, the company said. The education program, which will cost $35 million over the next ...

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