Bank of America Bumps Minimum Wage to $21 an Hour, Plans $25 By 2025
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Big banks may be literally flush with cash, but the lower-level workers who keep them running? Not so much.
That could be starting to change. Joining a slew of major U.S. companies dangling a few extra dollars to attract and retain employees amid the pandemic, Bank of America announced yesterday it has raised its minimum wage from $20 to $21 an hour — and is on track to hit a previously promised $25 an hour by 2025. That means its tellers, customer service reps, and other hourly employees are now taking home at least $43,680 a year.
Source Fool.com
