Up to $ 20 per hour: Amazon, Costco and 16 more companies in the USA that have raised the minimum wage - ForumDaily
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Up to $ 20 an hour: Amazon, Costco and 16 more companies in the USA that have raised the minimum wage

Some large companies now offer a minimum wage of $ 20 an hour. GOBankingRates.

Photo: Shutterstock

The federal minimum wage has remained at $ 7,25 an hour for the past decade, but some large companies have pledged to more than double the compensation of their lowest-wage workers. Some companies, such as Target and Costco, have already embraced the change, while others have plans to gradually raise wages in the coming years.

Aetna

The medical company Aetna has been paying its US hourly workers a minimum of $ 2015 per hour since 16.

Amazon

Amazon has raised the starting salary for all U.S. employees to at least $ 15 an hour in 2018.

“We have seen the positive impact this has had on our employees, their families and their communities,” the company said on its website. “We have been lobbying Congress ever since to raise the federal minimum wage.”

Bank of America

Bank of America's minimum wage was already $ 2019 in May 17, and less than a year later, the finance company raised it again, according to the Charlotte Business Journal. Bank of America began paying its employees a minimum of $ 20 an hour from March 2020.

Ben & Jerry's

Ben & Jerry's recalculates the minimum wage annually; in 2020 it reached $ 18,13.

“We are committed to paying all of our full-time Ben & Jerry's Vermont employees a livable wage—enough to provide a quality of life that includes decent housing, healthcare, transportation, food, recreation, savings and other expenses,” the company says on its website. “Every year we recalculate the cost of living to ensure it is in line with the true cost of living in Vermont.”

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Best Buy

The minimum wage at Best Buy rose to $ 15 an hour in August 2020.

“The pay announcement reflects ongoing evolution and investment in how we compensate [our front-line employees] for their important work, and is the result of clear and consistent feedback from field employees across the country,” Best Buy CEO Corey Barry said in a statement. press release.

Charter Communications

In 2018, Charter Communications set a $ 15 minimum wage. In April 2020, the company announced that it would permanently raise the minimum starting wage to $ 20 an hour in 2022, with an annual increase of $ 1,50 an hour in 2020 and 2021. It hit $ 18 an hour in March this year.

Cigna

Global healthcare company Cigna set a minimum wage for its U.S. employees at $ 16 an hour in 2018.

Costco

On February 25, Costco announced that it would raise the minimum wage for its American workers to $ 16.

“Two years ago, we raised our starting hourly wage to $15 everywhere in the US. Next week, the starting wage will increase to $16,” Costco CEO Craig Jelinek said during a Senate Budget Committee hearing.

Disney World

In 2018, Walt Disney World struck an agreement with a group of unions to raise the minimum wage to $ 15 an hour by October 2021.

Facebook

In 2015, Facebook raised the minimum wage for contract workers to $ 15 an hour. The social media giant raised the minimum wage again in 2019 to $ 20 an hour in the San Francisco Bay Area, New York and Washington DC, and to $ 18 an hour in Seattle.

Fifth Third Bank

Fifth Third Bancorp — the parent company of Fifth Third Bank with branches in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina — raised its minimum wage to $18 an hour in 2019.

Google

In 2019, Google began requiring US suppliers and temporary workers a minimum wage of $ 15.

JPMorgan Chase

At JPMorgan Chase, the minimum wage for entry-level employees is $ 16,50. In some regions, the minimum wage is $ 18 due to the higher cost of living.

Santander Bank

Santander Bank raised the minimum hourly wage to $ 2018 in 15.

“Our people are our greatest asset,” Scott Powell, then CEO of Santander US, said in a press release at the time. “We have a long-standing commitment to investing in our people and paying fair and competitive wages. They are on the front lines every day, working to build strong, lasting relationships with our clients, and I am pleased to be able to reward them for their dedication and hard work.”

Starbucks

In an open letter to Congress, Starbucks CEO Kevin Johnson announced in December 2020 that the company plans to set a minimum wage of $ 15 an hour over the next two years.

“Over 30% of our US retail partners currently earn at least $15 per hour, and we are continuing our journey to ensure that all US partners earn at least $15 per hour in the next two to three years,” - the letter says.

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Target

In July 2020, Target raised the starting salary for US team members to $ 15 an hour. In 2017, the retailer set a goal to raise its wages to $ 15 over the next three years from an entry level of $ 11.

Wayfair

In January, Wayfair raised the minimum wage to $ 15 an hour.

“Throughout the past year, we have implemented many initiatives to support our team, including bonuses, bonuses and a family dinner program. Now, as we enter 2021, we are continuing to strengthen our unwavering commitment to our teams by increasing the minimum wage for all hourly employees,” Niraj Shah, CEO, co-founder and co-chairman of Wayfair, said in a press release.

Wells Fargo

Wells Fargo announced in March 2020 that it would raise the minimum wage for all employees to at least $ 15 by the end of the year. The minimum wage is now $ 20 for employees in high-cost areas.

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