CVS to boost hourly minimum wage to $11 - CBS46 News

CVS to boost hourly minimum wage to $11

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This March 17, 2014 photo shows a CVS/Pharmacy in Dormont, Pa. (AP Photo/Gene J. Puskar) This March 17, 2014 photo shows a CVS/Pharmacy in Dormont, Pa. (AP Photo/Gene J. Puskar)

(AP) -- CVS announced Thursday that it’s raising the starting wage for hourly workers to $11 an hour from $9.

The company also said it will not increase health insurance premiums for the 2018-2019 plan year. Plus, it will start a parental leave program that gives full-time employees with newborns four weeks off at full pay.

CVS said it will give raises to pharmacy technicians and many other workers already making higher wages.

Several other companies also have announced employee bonuses or enhanced benefits since Republican lawmakers and President Donald Trump sped a $1.5 trillion tax cut plan into law at the end of last year.

While many businesses attribute their beefed up compensation to the tax law changes, larger employers also are having a hard time attracting and keeping workers because of historically low unemployment rates.

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