The U.S is experiencing a labor shortage. Meaning that companies are unable to find and hire workers to meet the rising demand for goods and services. And while there are many economic factors that are contributing to the shortage, some experts are pointing at low paying jobs as one of the biggest reasons.
This labor shortage may be, in fact good news for the American worker. To attract new hires (and stay in business) some companies are upping their employee benefits starting with increases in pay.
Here's a list of 7 companies that have increased their starting wage AND are hiring now!
Chipotle Mexican Grill will raise wages for restaurant staff to $15/hour by the end of June 2021. The company is also committing to helping employees define a progressive career path.
Considering working at Chipotle? Click here to find Chipotle jobs that are hiring now near you.
Costco Wholesale has a reputation for treating it's employees well so it's might not come as a surprise that in February 2021, it publicly announced that starting pay will $16/hour but it's average pay is already at $24/hour
As of October 2020, the nationwide craft store, Hobby Lobby, boosted starting pay from $15/hour to $17/hour for hourly workers. Check out the Hobby Lobby career map to find current job openings.
Coffee enthusiast will be getting an extra shot as Starbucks commits to paying cafe workers $15/hour minimum over the next three years. Starbucks also compensates their workers with health plans, stock options, and more.
Target increased wages to $15/hour, plus gave a $200 bonus to hourly employees back in July 2020. In January 2021, it issued a front line worker bonus of $500 for team members and distribution center workers.
While Walmart's starting wage remains at $11/hour, in February 2021 the big box retailer committed to raising wages to an average of $15/hour. Shelf-stockers and employees that support e-commerce can look forward to earning $13-$19/hour.
Ready to work at Walmart? Click here for application tips and more
Is higher pay enough to get you to apply? Tell us what you think in the comments below.