To attract talent and create a positive impact on employees and communities where they do business, American Family Insurance raised its minimum hourly pay rate for employees to $15 per hour across all its 19 operating states, the company said today. The small number of employees with pay rates below this threshold – about 100 out of more than 8,900 employees at the company – had their pay increased in late July.
A livable wage amount may vary by region, state and even by city, but a $15 minimum hourly rate has gained favor in recent years as a general benchmark that raises living standards to a level higher than the federal poverty rate. The livable wage calculates costs of living, including food, child care, health care, housing, transportation, and other necessities.
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