Companies That Have Raised Minimum Wage to $15

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Raising the federal minimum wage from $7.25 to $15 per hour has been debated for a long time. However, there are some companies that are committed to a minimum $15 per hour wage.

Walmart-owned Sam’s Club is the latest to join the list. The membership-based warehouse club reportedly raises its starting wage from $11 to $15 an hour, from September 25.

Earlier in August, Walgreens Boots Alliance  (WBA) - Get Walgreens Boots Alliance Inc Report said that it’s raising its minimum wage to $15 per hour by November 2022.

“Investing in and rewarding our team members is not only the right thing to do, it’s highly important to retaining and attracting a talented workforce, and to continuing to serve our critical role in community health care,” said the company's CEO Roz Brewer.

On August 4, CVS Health  (CVS) - Get CVS Health Corporation Report said it’s also boosting the hourly pay to a minimum of $15 per hour by July 2022.

“These wage increases will have a meaningful impact on our colleagues and their families while helping the communities we serve prosper," said CVS Health President and CEO Karen S. Lynch.

In February, the country’s largest private employer, Walmart  (WMT) - Get Walmart Inc. Report, announced that it will pay an average of $15 per hour to its employees.

Target  (TGT) - Get Target Corporation Report, Best Buy  (BBY) - Get Best Buy Co., Inc. Report, Costco  (COST,) - Get Costco Wholesale Corporation Report and Amazon  (AMZN) - Get Amazon.com, Inc. Report have also committed to a $15 minimum wage. 

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