15 Companies That Raised Their Minimum Wage in 2022

The current federal minimum wage for covered nonexempt workers is $7.25 per hour -- and it hasn't changed since the summer of 2009! That's 13 years during which prices rose, housing costs increased, and many people received raises -- and it has left many workers earning around $15,000 per year, very close to the recent poverty level of $13,590 for a single-person family or household. Meanwhile, a Brookings Institution report looked at 22 large companies that together employ about 7 million people. It found that "despite the fact that more than half of companies increased their minimum wages during the pandemic, not one pays a minimum wage today that meets the living wage standard" -- which Brookings calculated to be about $17.70 per hour.

Still, any progress away from $7.25 is good. Here are 15 companies that have hiked their minimum wage in 2022.

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