Bank of America is raising it’s minimum wage to $25 an hour
Bank of America is taking a bold step and announcing that it is raising the minimum wage it pays it’s workers to $25 an hour by 2025. According to CNBC they…
CHICAGO, ILLINOIS – APRIL 09: A sign hangs above the entrance to a Bank of America branch in the Loop on April 09, 2019 in Chicago, Illinois. The banking giant has announced that it will be raising the minimum wage for for its employees to $20-per-hour in increments over the next two years, beginning with a jump to $17-per-hour on May 1. (Photo by Scott Olson/Getty Images)
Bank of America is taking a bold step and announcing that it is raising the minimum wage it pays it's workers to $25 an hour by 2025. According to CNBC they will also require any outside vendors they work with to pay their employees at least $15 an hour. In 2019 they announced a $20 minimum wage at their banks and according to a press release they've already reached that goal and have room to do more.
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Disclosure: The author owns stock in Bank Of America
Bank of America is raising it's minimum wage to $25 an hour
