Bank of American to raise company’s minimum wage to triple the national level
https://en.as.com/latest_news/usa-finance-and-payments-live-…
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.
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