Verizon Increases Minimum Wage to $20 as American Companies Respond to Labor Shortage
Photo: Alex Tai/SOPA Images/LightRocket via GettyVerizon’s minimum wage is getting boosted to $20 an hour, the wireless carrierannouncedon Monday.The pay increase is the latest in a series of similar announcements from major U.S. companies responding to a demand for higher wages and a national labor shortage.Target,ChipotleandCVSall made recent changes to their minimum wages.In a press release, Verizon said new customer service, retail and inside sales employees will enjoy the $20 an hour to start....