Hourly Wage Commitments by Industry
Below are lists of 1) US companies which have committed to paying a minimum (not an average) wage to hourly workers of at least $15/hour and 2) companies which have recently made an investment in wages (e.g., in specific teams, roles, employees).
Hourly wages are just one part of the story: adequate hours and predictable schedules are also critical to frontline worker take home pay. Even hitting $15/hour may not be enough for workers to find financial stability. And raises alone don’t solve operations problems—as the Good Jobs Strategy shows, companies need to make smart operational choices that leverage investment in people to ensure productivity, contribution and motivation.
That said, we want to catalog companies who have made a commitment to higher wages and highlight leaders by industry. If you know of other companies that should be on this list, let us know!
Highest Minimum Wages
Financial Services
- Truist to $22 (July 2022)
- Bank of America to $22 (May 2022)
- Amalgamated Bank to $20 (Jul 2019)
- Fifth Third Bank to $18 (Oct 2019)
- Huntington National Bank to $17 (2019)
- JPMorgan Chase to $16.50 (2019)
- Santander Bank to $15 (Mar 2018)
- Synchrony Financial to $20 (Jul 2021)
- Wells Fargo to $15-20 (Mar 2020)
- U.S. Bank to $15-20 (2018)
- MetLife to $20 (Aug 2021)
- Security Service Federal Credit Union to $20 (Sep 2021)
- PNC to $18 (Nov 2021)
- Bridgewater Bank to $20 (Aug 2021)
Retail
- Costco to $17 (Oct 2021)
- Sam's Club to $15 (Sep 2021)
- Lululemon to $15 (Sep 2021)
- Home Depot to $15 (Feb 2023)
- Amazon (and Whole Foods) to $15 (Oct 2018)
- Best Buy to $15 (Aug 2020)
- Target to $15 (Jul 2020)
- Wayfair to $15 (Jan 2021)
- Under Armour to $15 (Jun 2021)
- Williams-Sonoma to $15 (Oct 2021)
- Saks Off Fifth to $15 (Oct 2021)
- Hobby Lobby to $17 (October 2020, full time)
- Patagonia to $15
- Puma to $15 (November 2021)
- Ikea to $16 (Jan 2022)
- Signet Jewelers to $15 (Spring 2022)
- Macy's to $15 (May 2022)
- CVS Health to $15 (July 2022)
- Walgreens to $15 (Nov 2022)
Healthcare
- Cleveland Clinic to $15 (Dec 2018)
- Cincinnati Children's Hospital to $15 (Jan 2020)
- Hartford Healthcare to $15 (Mar 2019)
- Henry Ford Medical System to $15 (Oct 2020)
- Trinity Health Michigan to $15 (Oct 2020)
- Akron Children's Hospital to $15 (Nov 2019)
- Mercy Medical Center to $15 (Jan 2021)
- North Kansas City Hospital and Meritas Health to $15 (Dec 2020)
- LifeBridge Health to $15 (Jan 2021)
- St. Croix Hospice to $20 (Oct 2021)
Food Service
- P. Terry's Burger Stand to $15 (Jan 2021, full time)
- Farmer Boys to $15 (Aug 2021, corp CA)
- &pizza to $15 (2022)
- Starbucks to $15 (summer 2022)
Manufacturing (Food)
- Chobani to $15 (Mar 2021)
- Sanderson Farms to $16.70 (Oct 2021)
- Ben & Jerry’s to $18.13 (2020, full time VT)
Telecom and Communications
- Charter Communications/Spectrum to $20 (2022)
- T-Mobile to $20 (2021)
- Verizon to $20 (2022, customer service, retail, and inside sales)
Small to Medium Businesses (<500 employees)
- Boloco to $15 (Food Service)
- Aspiration to $25 (Financial Services)
- Daily Table to $16 (Grocery Retail)
- Dick's Drive-In to $19 (Food Service)
- Dirt Candy to $25 (Food Service)
- Badger Co. to $15 (Retail)
- Punch Pizza to $15 (Food Service)
- HipCityVeg to $15 (Food Service)
- 5th Street Group to $15 (Food Service)
- Lexington Co-Op to $15 (Retail)
- A Few Cool Hardware Stores to $15 (Retail)
- Viewrail/StairSupplies to $25 (Manufacturing)
- Klavon's Ice Cream Parlor to $15 (Food Service)
- Maine Beer Company to $18 full-time (Beverage Manufacturing)
- Well-Paid-Maids to $22 full-time (Cleaning Service)