Ikea hikes minimum wage in UK

Catching up to its U.S. counterpart, Ikea is raising wages for workers in its U.K. stores. Starting in April of 2016, wages will be raised to the equivalent of $12.22 for British workers, affecting more than 50 percent of the company's 9,000 employees working in the U.K. Last month, Ikea raised the minimum wage for U.S. employees to $11.87 starting in January of 2016, which is $4.62 above federal minimum wage. Story