CVS to raise minimum pay to $15 an hour by next summer
Like other retailers, the drugstore chain has been struggling to fill open positions
CVS has announced that it will raise its hourly minimum wage for workers from $11 to $15 over the course of the next year. The company said wage increases will start this month and starting hourly rates will hit the $15 mark by next July.
The pay bump comes as companies struggle to attract workers as a result of pandemic-related factors. CVS noted that 65% of its hourly employees already make more than $15 an hour, but the pay increase should help it expand its workforc...
