Home Depot has announced a $1 billion investment in its hourly workers, raising their average starting salary to $15 an hour. This move comes in response to the current red-hot job market, where unemployment has reached its lowest level since 1969. Home Depot's decision to raise its starting pay follows similar moves by other large retailers such as Amazon, who announced in September that starting pay for warehouse and delivery workers would be more than $19 an hour. This increase will benefit all hourly workers in the U.S. and Canada.