MetLife is raising its U.S. minimum wage to $20 an hour from $15, as the nation’s biggest life insurer joins the roster of firms boosting worker pay amid labor shortages.
The New York-based company said the pay bump follows a $10 million investment to enhance training and “career path development” for employees. MetLife’s last U.S. wage increase came in 2018. The $20 rate takes effect next month, according to a spokesperson who said the insurer is hiring, particularly for customer-service and operations roles.
