Starbucks announces 3% raise for all retail workers in 2024

Starbucks announced Monday that it will increase wages for all domestic retail workers at the start of next year.
Employees at the nearly 17,000 U.S. Starbucks locations will see their $15-to-$24 per hour wages increase by at least 3% at the beginning of 2024, according to a report.
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Those who have been with the company for two to five years will receive a 4% increase, and people who have worked for over five years will earn a 5% raise, the report noted.
“Investing in our partners is what drives our success,” said Sara Trilling, executive vice president and president of Starbucks North America.
“It’s what makes us all partners. And an important way we do this is by investing in our partners’ journey, to bridge to a better future at Starbucks and beyond.”
Accompanying the increase will be a reduced minimum in the number of days a Starbucks employee will have to work to earn paid vacation benefits, according to the report.
Despite the 3% increase, Starbucks’s raise for employees appears to fail to meet the nation’s annual pace for inflation of 3.7%.
Calls for raises for Starbucks workers have been gaining traction since 2021, but not everyone is …