Starbucks to raise minimum wage to $15

(FOX BUSINESS) – Big things are brewing at Starbucks.

The coffee chain has announced plans to pay all U.S. employees a minimum wage of $15 over the next three years, expanding pay raises that begin next week.

CEO Kevin Johnson shared the piping-hot news in a Wednesday memo, explaining that the chain will bump up in-store workers' pay by at least 10% starting Monday, fast-tracking plans to pay everyone at least $15 an hour in the years to come.

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