raised its minimum wage for more than 550,000 employees from $11 to $12 in September. In April, Amazon announced more than 500,000 of its workers will get a raise of between 50 cents to $3 an hour.
Mace McCain, chief investment officer at Frost Investment Advisors, told Reuters that the impact of the labor shortages for businesses is yet to be fully realized.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: