We are proud of the wages and benefits packages we offer our associates. Our associates enjoy some of the highest starting wages in the retail industry. Over the past five years, we raised the starting wage by more than 50 percent for our U.S. hourly associates, and the average total compensation and benefits for hourly associates exceeds $18. Additionally, our hourly associates received $730 million in quarterly bonuses in 2019.
That said, we know there is more work to be done. It’s clear by our actions and those of other companies that the federal minimum wage is lagging behind – $7.25 is too low.
It’s time for Congress to put a thoughtful plan in place – one that takes into account phasing and cost of living differences to avoid unintended consequences.
Simply put: We want to see our associates thrive. And we want businesses to be on a level playing field.