Home Depot said Tuesday it’s investing $1 billion in wage increases for its US and Canadian hourly workers.
The Atlanta-based home improvement chain said every hourly employee will get a raise starting this month. Starting pay will be at least $15 per hour in all markets.
Home Depot is one of many big retailers who have raised pay to attract workers in a strong US job market, where unemployment is at its lowest level since 1969. Walmart announced in January that it would be raising its hourly wage to an average of $17.50, while Target invested $300 million in hourly