Macy’s Inc will raise the minimum wage of its more than 100,000 U.S. employees to $15 an hour by May, the department store chain said on Monday, as retailers fight to hire and retain workers in an increasingly competitive labor market.
A nationwide labor shortage driven by the pandemic has spurred retailers to raise wages and provide more benefits this year, with many worried that they will not have enough workers in stores and warehouses during the holiday shopping season.
