Costco, Amazon and 16 Other Companies That Raised Their Minimum Wage to $15 (or More than)
Some major companies now offer a minimum wage of $twenty/60 minutes.
Depository financial institution of America
Ben & Jerry's
Ben & Jerry's recalculates its minimum wage each year; it reached $18.13 in 2020.
"We're committed to paying all of our Ben & Jerry's Vermont total-time workers a livable wage — plenty to let for a quality of life that includes decent housing, health care, transportation, nutrient, recreation, savings and miscellaneous expenses," the visitor states on its site. "Every year, we recalculate the livable wage to make sure it'due south keeping upwardly with the bodily cost of living in Vermont."
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All-time Buy
All-time Buy'south minimum wage rose to $15 per hour in August 2020.
"Today's announcement on pay reflects an ongoing evolution and investment in how we compensate [our front end-line employees] for their critical piece of work and is the outcome of articulate and consistent feedback from field employees across the land," Best Buy CEO Corie Barry said in a press release announcing the pay increase.
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Lease Communications
Charter Communications established a $15 minimum wage in 2018. In April 2020, the company announced that it would permanently raise its minimum starting wage to $20 an hour in 2022, with annual increases of $i.50 an hr in 2020 and 2021. It reached its $eighteen minimum wage milestone in March.
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Costco
On February. 25, Costco announced that it would be raising its minimum wage to $16 for its U.Due south. workers.
"Two years ago, we moved our starting hourly wage to $15 everywhere in the U.S. Constructive adjacent week, the starting wage will go to $16," Costco CEO Craig Jelinek said during a Senate budget committee hearing, CNBC reported.
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Facebook
Facebook raised its minimum wage for contract workers in 2015 to $fifteen per hour, Reuters reported. The social media giant raised its minimum wage again in 2019, to $xx per hr in the San Francisco Bay Area, New York and Washington D.C., and to $18 per 60 minutes in Seattle.
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Fifth Tertiary Bank
Fifth Tertiary Bancorp — the parent visitor of Fifth Third Banking company, which has locations in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, Due west Virginia, Georgia and Due north Carolina — raised its minimum wage to $18 per hour in 2019.
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JPMorgan Chase
JPMorgan Hunt has a $16.50 minimum wage for its entry-level jobs. In some areas, its minimum wage is $18 to account for a college toll of living.
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Santander Bank
Santander Banking company increased its minimum hourly wage to $15 in 2018.
"Our people are our greatest asset," Scott Powell, and then-CEO of Santander U.s., said in a press release at the time. "We have a long-continuing commitment to investing in our employees and paying them adequately and competitively. They are on the forepart lines every solar day working to build stiff, lasting relationships with our customers and I am pleased to be able to reward them for their dedication and hard piece of work."
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Starbucks
In an open up alphabetic character to Congress, Starbucks CEO Kevin Johnson announced in December 2020 that the company plans to plant a minimum wage of $xv an hour over the next couple of years.
"More than than 30% of our U.Due south. retail partners are currently at or in a higher place $15/hour, and we continue on our path to ensure all U.Southward. partners will exist making at or in a higher place $fifteen/hr within the coming two to three years," the letter of the alphabet stated.
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Wayfair
Wayfair raised its minimum wage to $15 an hour in Jan.
"Throughout the challenges of the past year, we rolled out numerous initiatives to support our team including pay premiums, bonuses and a family unit dinner program. Now, every bit we enter 2021, we are continuing to build upon our steadfast commitment to our team and their families by increasing minimum pay for all hourly employees," Niraj Shah, CEO, co-founder and co-chairman of Wayfair, said in a printing release.
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