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Fortune
Fortune
Emma Burleigh

Billionaire Mark Cuban says it’s ‘embarrassing’ to not pay employees well—and a $20 minimum wage should be standard

Billionaire entrepreneur Mark Cuban (Credit: Nicola Gell / Contributor / Getty Images)

In some U.S. states, workers bring home just $5.15 for each hour of hard work bussing tables, stocking store shelves, and flipping burgers. And as more companies boast record profits and trillion-dollar market caps, tens of millions of Americans living below the poverty line are questioning if they’ll ever get in on the success. Billionaire entrepreneur Mark Cuban says raising hourly rates is one step forward that’s long overdue.

“I’ve said before I think raising the federal minimum wage to $20 is smart,” Cuban said in an X post published last month.

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