CVS plans to boost minimum wage

(CNN) — CVS is raising its minimum wage for employees to compete with other retailers.

USA Today reports the company is boosting starting salaries to $11 an hour, which equals salaries at Walmart and Target.

The drug store chain also says it will give raises to pharmacy technicians and many other workers already making higher wages.

CVS expects the added salaries along with maintaining health insurance premiums and increasing parental leave to cost about $425 million a year.

The company says it is investing its tax savings into the workforce.

Related Articles

Kentucky House votes to revamp workers’ compensation system The Kentucky House has voted to make the biggest changes to workers' compensation in decades. The Republican-backed bill includes time limits on benef...
Impact of Billy Graham’s death, and life, felt in Local 6 region The impact of Billy Graham's life’s work is impossible to measure, but his message definitely touched pastors and preachers in the Local 6 region.
Firefighter and mother of 2 working to Go the Distance Go the Distance runner Karissa Shelton is running about 4 miles a day. When she started, she found running 1 mile to be a major struggle. 
Kentucky school monitors local air quality You take a big breath of fresh air, but how fresh is it? Students at Clark Elementary know. Fourth and fifth graders are a part of the pilot Air Quali...