Ikea Will Raise Minimum Wage Jan. 1

Courtesy of Creative Commons
Courtesy of Creative Commons

Ikea, which is building stores in Kansas City and St. Louis, plans to raise its average hourly minimum wage by 17 percent to $10.76 an hour, on average. The retailer said it will not set an across-the-board minimum wage for its stores but would set a minimum for each individual store based on the cost of living in its area. Ikea announced the new wage policy today.

The company said the new wage structure “will be a significant investment” but will not increase Ikea prices. Ikea broke ground on its new St. Louis store on Tuesday.

Read more from the St. Louis Business Journal


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