Starbucks Corporation announced it would raise wages by at least 10% for baristas, shift supervisors, and café attendants hired on or before September 14, according to BusinessInsider. The increase will go into effect on December 4 and raise the premium it pays above the minimum wage in the markets it operates. 

  • Starbucks ‘ starting pay rates will rise by 5% to enable store managers to attract and retain new talent.
  • Starbucks had earlier expanded emergency pay for store staff impacted by the coronavirus and extended it through May 31 for those diagnosed or exposed to the virus.
  • The company provided temporary childcare, distance-learning support, and hardship grants for workers facing financial difficulty because of the pandemic. 
  • Starbucks’ non-store workers in the Settle support center have been instructed to work remotely until October 2021.
  • In July 2018, Starbucks offered sick pay to store staff and health coverage to eligible U.S. workers.

Starbucks’ stock is currently declining. SBUX: NASDAQ is down 0.52% on premarket.