Labcorp Increases Minimum Hourly Wage To $15 - CVS Health (NYSE:CVS), Labcorp Holdings (NYSE:LH), Walmart

Laboratory Corp of America Holdings (NYSE:LH) has increased the minimum hourly wage for U.S.-based employees to $15 from $10.95.
The Company joins several other firms in implementing measures to retain staff amid a nationwide labor shortage.
Lab Corp has more than 70,000 employees and said that the new minimum wage for non-union employees is effective this month.
Other U.S. companies such as Walgreens Boots Alliance Inc (NASDAQ:WBA), CVS Health Corp (NYSE:CVS), and Walmart Inc (NYSE:WMT) also raised the minimum hourly wages for employees in recent weeks, reports Reuters.
Read Next: Stock Wars: CVS Health Vs. Walgreens Boots Alliance.
Price Action: LH stock closed 1.11% higher at $308.34 on Thursday.

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