Wells Fargo to raise its minimum wage for workers nationwide

Posted at 8:04 AM, Mar 05, 2020
and last updated 2020-03-05 10:04:15-05

Wells Fargo said Wednesday that it will raise the minimum wage for its hourly workers to a range of $15 to $20 per hour, based on where the job is based.

The bank said employees in high-cost markets such as San Francisco and New York will earn $20.

Workers in lower-cost markets, such as Charlotte and Des Moines, Iowa, will earn $16.

The pay raises, taking effect by the end of 2020, will affect more than 20,000 employees.

Read more from the Phoenix Business Journal.