Watch: Starbucks Wage Increase

[gtxvideo vid=’3T3q7RTV’ thumb=’http://player.gtxcel.com/thumbs/3T3q7RTV.jpg’ vtitle=’Watch: Starbucks Wage Increase’]

ABC NEWS– Starbucks is boosting the base pay of all employees and store managers at U.S. company-run stores by 5 percent or more.

In a letter sent to workers Monday, CEO Howard Schultz said that the amount of the raise — which will occur in October— will be determined by geographic and market factors. Starbucks doesn’t disclose specifics on starting salaries for employees, saying it’s determined on a market by market basis.

Starbucks has approximately 7,600 company-run stores across the country.