Bank of America Raising Minimum Wage to $25 Per Hour
After raising its minimum wage to $20 per hour last year, Bank of America (NYSE: BAC) said it will hike the starting pay to $25 per hour by 2025 as it seeks to "attract and retain the best talent."
The banking giant also said vendors will need to pay their employees a minimum of $15 per hour if they want to do business with it, though it should not be a difficult hurdle as 99% of the 2,000 companies already meet or exceed the threshold.
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Source Fool.com