Among Companies Leading on Living Wage, Tech Outnumbers Other Industries
JUST Capital’s highest weighted issue in our 2021 Rankings of America’s Most JUST Companies, per our polling of the American public, is whether or not a company pays a fair, livable wage. Our chart this week looks at the sector breakdown of the companies that score highest on the living wage metric. Within the top quintile of living wage metric scorers, we find that Technology and Utilities companies comprise the majority of those that pay relatively more workers a living wage, or enough to cover the local cost of food, housing, and medical care, among other basic necessities.
The impetus: The Worker Financial Wellness Initiative was created in Q4 2020 by JUST Capital and PayPal, in collaboration with the Financial Health Network and the Good Jobs Institute, to make paying a fair, livable wage and assessing worker financial security and health a C-suite and investor priority.
The importance: On July 13, JUST Capital announced the first cohort of companies joining the Initiative, including Chipotle, Chobani, Even, Prudential Financial, and Verizon. With this first cohort representing approximately 260,000 American workers across a range of industries, the program presents a unique opportunity to demonstrate what companies can accomplish when they come together with a shared goal of improving the financial health and resilience of workers across the nation.
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