IKEA US once again raises its minimum hourly wages

Average minimum hourly wage will increase to $11.87(Conshohocken, PA – June 24, 2014)  IKEA US announced today that it will again raise its minimum hourly wage in existing stores. Effective January 1, 2016, the average minimum hourly wage paid in IKEA US stores will increase from $10.76 to $11.87, a $1.11 or 10.3% increase. This is $4.62 above the current federal minimum wage.  In June 2014, IKEA US announced  its new minimum wage structure, which bases minimum hourly wages on local living costs for co-workers.