Charter raises employee minimum wage to $15, credits Washington

Photograph by Yvonne Hemsey/Getty Images

Charter is raising the minimum wage for its 95,000 employees to $15 per hour, including target commissions, the company announced in a blog post Friday. The telecom giant is crediting "the general deregulatory environment" in Washington for allowing it to increase its workforce and capital investments.

Why it matters: The Trump Administration has enacted favorable legislation and regulation toward telecom companies and large corporations. Many, including Charter, have been taking advantage of the regulatory environment by offering employees higher minimum wages or tax-bonuses.