BofA adopts $22/hr Minimum Wage

Bank of American to raise company’s minimum wage to triple the national level…

Bank of American announced on Monday that at the end of June, its lowest paid workers will get a boost to their hourly wage. A process that began in 2017, when the North Carolina-based company hiked its minimum wage to $15, will accelerate it US hourly minimum wage to $22, over three times the national minimum wage of $7.25 an hour.

The pay increase is equivalent to over $45,000 per year for a full-time worker. Bank of America plans to continue raise the minmum it pays employees to $25 an hour by 2025

A lot of current “inflation” we’re seeing is just catch up for the proud 40-year legacy of poverty wage job creation. Workers will no longer tolerate it.