Sam's Club, Walgreens, and Other Companies Paying at Least $15 an Hour

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Sam's Club
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Sam's Club

Sam's Club

Sam's Club will join rival Costco in paying higher wages, saying all workers will make at least $15 an hour effective at the end of September. The vast majority of Sam's associates already make at least that much, the store says, and the average hourly rate is more than $17. Walmart, parent of Sam's, has also recently raised the minimum wage for workers in its stores, but not quite to the $15-an-hour mark: Its minimum wage is now $12 an hour, which goes into effect at the same time as the Sam's Club raises, according to CNBC. 

Related: Things to Buy at Costco and Sam's for Emergencies (Besides Toilet Paper)

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Not only has the low-priced grocery chain announced it plans to hire 20,000 workers to prepare for the busy holiday season, Aldi is planning to give hourly rates a boost, too. Aldi says it will be offering an average starting pay of $15 an hour for store positions and $19 for warehouse positions. The chain has a National Hiring Week scheduled for Sept. 20-24 to start the process in earnest.

Related: 30 Things to Know Before Shopping at Aldi



CVS announced in August that it will start increasing wages for hourly workers and reach at least $15 an hour for all 300,000 employees by next July. The pharmacy retailer will also boost starting rates for positions such as pharmacy technicians and call center representatives above $15. A majority of existing employees don't have to wait for the increase: Roughly 65% already make more than $15 an hour.

Related: Companies Dangle Ever-Bigger Perks to Lure Reluctant Workers

Bank of America

Bank of America

Workers at Bank of America were already making at least $17 an hour starting in May 2019, but the company went a step further later in the year, saying it would boost its minimum wage to $20 in 2020 — and in May came news the bank will up that number to $25 in 2025. That represents an increase of $13 an hour since 2010, Bank of America has said. In January, it also gave lower-paid employees a one-time $750 bonus for their efforts during the pandemic. 

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Chipotle Mexican Grill Logo Sign


Plenty of restaurants are struggling to find workers, and Chipotle is no exception. The chain said it would raise its average wage to $15 an hour by the end of June, a move it hoped would help it hire at least 20,000 new employees. Restaurants say they're having a tough time finding enough staff for a number of reasons, including competition from other industries, pandemic safety concerns, child care issues, and government aid in the form of stimulus checks and boosted unemployment benefits.

Related: Which State Has the Highest Minimum Wage?

Is Costco the Best Place to Buy a Car?


The nation's most prominent warehouse club started paying workers at least $16 an hour in March, a wage bump that comes only two years after the chain committed to a $15 minimum wage. Costco chief executive W. Craig Jelinek, who testified in front of the U.S. Senate in support of a federal minimum wage of at least $15, says the move simply makes sense for the company because it reduces employee turnover and maximizes productivity. More than half of Costco's hourly workers actually make $25 or more, Jelinek says. 

Related: Things You Probably Didn't Know About Costco



This Boston-based online furniture and home goods retailer said in January that it had bumped its minimum wage to $15, a move that would raise the pay of nearly half of its 8,000 hourly workers. The company had already been paying many workers a $2-an-hour premium during the pandemic, as well as offering other benefits such as emergency paid time off and child care support. 

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Under Armour storefront in mall

Under Armour

More than 8,000 part-time and full-time workers at Under Armour (about 90% of the company's retail and distribution workforce in the U.S. and Canada) were set to get a raise starting June 6. Starting pay jumped from $10 an hour to $15 an hour. The increase may help the company fill 3,000 open positions it had at the time.

Amazon Prime Package


Amazon started paying all of its workers at least $15 an hour in November 2020, including the temporary and seasonal hires crucial to helping the ecommerce giant stay on top of its busy holiday season. The company has also been vocal in its support for a nationwide $15 minimum wage. Still, some critics say the wage is still paltry compared with what warehouse workers should be making, and has driven down industry averages where Amazon has opened fulfillment centers. 

Related: Jeff Bezos and Other High-Profile CEOs Who Stepped Down From Their Companies

Best Buy
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Best Buy

This electronics juggernaut said it would begin paying workers at least $15 an hour starting in August 2020, noting that it had also been providing "incremental hourly appreciation pay" for frontline workers since the end of March. The news isn't all good, though: Best Buy announced earlier this year that it would lay off 5,000 workers and add 2,000 part-timers to better align demand with customers who are doing more of their shopping online.  

Related: 18 Critical Steps to Take When You’ve Been Laid Off

Target | 2013
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Target raised its minimum wage to $15 beginning in July 2020. It also gave frontline workers a one-time $200 pandemic bonus. The bump in pay represents a $4 hike in three years; in September 2017, Target's starting wage was $11. The move has put pressure on Target's closest big-box rival, Walmart, which is paying a minimum wage of $11 despite having raised pay for some workers enough to bump its average to $15 an hour. 

Related: How to Help the Essential Workers on the Front Lines of the Coronavirus Fight

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Wells Fargo
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Wells Fargo

Perhaps spurred on by its faster-acting banking rivals, Wells Fargo said in March 2020 that workers in many of its higher cost-of-living markets would be paid at least $20 an hour by the end of the year. The mega bank had already raised its minimum wage to $15 in March 2018. Lower-paid full-time workers also got a $600 pandemic bonus last year — steps that might help public perception of a bank that keeps getting caught committing fraud.

Related: Times Companies Tried to Trick Consumers

Ben & Jerry's
The Fifth Third Bank on Rochester Road in Rochester Hills, Michigan

Fifth Third Bank

Midwest-based Fifth Third joined its larger banking rivals in August 2019, saying it would increase its minimum hourly wage to $18, a move that affected nearly 5,000 of its roughly 20,000 employees. Fifth Third had previously raised its minimum wage to $15 from $12 in January 2018. 

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Mountain View, Ca/USA December 29, 2016: Googleplex - Google Headquarters with biked on foreground


It might not seem much of a stretch for a flush tech company such as Google to pay at least $15 an hour, but it didn't happen until the end of 2019. The pay bump, announced in April 2019, came in response to protests that Google's many temporary and third-party workers — reportedly half its workforce — got inadequate pay and benefits. Google also said it would require health care coverage, parental leave, and tuition reimbursement for those workers. 

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Walt Disney World Resort
Daytime view of Cleveland Clinic main campus entrance reflecting pool near University Circle
JPMorgan Chase

JPMorgan Chase

Chase workers in more than 100 cities — roughly 22,000 in total — got a raise in February 2018, bumping pay from between $12 and 16.50 an hour to between $15 and $18. Later reports put the minimum wage at $16.50 for all workers. CEO Jamie Dimon has said he's in favor of higher wages for workers, but would not commit to matching Bank of America's $20 starting wage when challenged on the issue in a hearing on Capitol Hill in 2019. 

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Aetna Office


One of the nation's largest health insurers was one of the first big companies to announce that all of its workers would make over the $15-an-hour threshold, pledging a minimum wage of $16 for all workers starting in April 2015. The move averaged out to an 11% pay bump for employees, though some saw as much as a 33% raise. 

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