Starbucks is the latest to announce they're boosting employee pay and benefits in response to corporate taxes being lowered. Starbucks is already known for giving workers aka "partners" more generous pay and benefits than any other restaurant and retailer. "Investing in our partners has long been our strategy, and due to the changes in tax law, we're able to accelerate some significant partner investments," says CEO Kevin Johnson.
Starbucks says it will give employees both hourly and salaried, that received a raise in January, another wage increase in April.
Plus, Starbucks will be giving additional stock grants, more paid time off, and will be expanding their parental leave policy.