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Macy’s to raise minimum wage to $15 an hour, offer debt-free education to all workers starting next year

Macy's to raise minimum wage to $15 an hour, offer debt-free education to all workers starting next year

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Macy’s Inc. M, -0.38% announced a series of new benefits for employees on Tuesday, including a higher minimum wage of $15 an hour, a debt-free education benefit and greater flexibility in taking time off. The news comes at a time of labor shortages that has many employers competing aggressively to retain their staff.

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