The Bakery Brothers plumbing and electrical contractor who has worked for the family for decades will earn $10.40 an hour in 2017, the first year that the company’s hourly rate will rise to $9 an hour.
The hourly rate is based on the average cost of an average plumbing fixture and includes tips and benefits.
The company, headquartered in the Kansas City, Mo., area, has been one of the country’s fastest-growing plumbing firms for more than a decade.
A spokesman for the company said the increase was made in response to the economic downturn.
“As the economy continues to recover, the Bakery brothers plumbing team is pleased to have the opportunity to increase the hourly rate,” the spokesman said in a statement.
“The Bakery family continues to be very supportive of our customers, and the family has been able to maintain a good relationship with the federal government, the state of Kansas and local governments.”
In 2016, the company had been awarded $17.6 million in federal contracts.
It was also awarded $3.5 million in state and local contracts, according to the company.
Bakery’s president, Larry Baker, said the company has about 1,000 workers.
“There’s not a lot of places in the world that have a team that’s working like we do,” Baker said.
“It’s just what we do.”
The company had a strong 2017, with revenue increasing by more than 17 percent.
It is now the fifth-largest plumbing company in the United States and employs about 15,000 people.
The average annual salary for an hourly worker at the company is $15.11.
In 2015, the average hourly pay for an employee with a bachelor’s degree was $16.86.
In 2016 Bakery lost more than $7 billion, or $13,600 per employee, on its investments.