The Home Depot(NYSE:HD): $1 billion will be invested in hourly wage raises, starting at least $15 an hour

The Home Depot(NYSE:HD): Home Depot, a U.S. home and building materials retailer, said Feb. 21 that it will spend an additional $1 billion to raise the wages of its hourly workers. Home Depot did not disclose the average salary of employees after the raise, but said the starting salary was at least $15 an hour. The hourly wage increase, which went into effect Feb. 6, will raise wages for all hourly workers in the U.S. and Canada.

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