Bank Of America Raising Its Minimum Wage To $20 An Hour
“Bank of America will raise the minimum wage for its employees to $20 an hour in the next two years and freeze health care cost increases for lower-paid workers, the company said Tuesday. The hourly pay will rise to $17 starting May 1 and then increase to the higher rate by 2021, CEO Brian Moynihan said. ‘If you get a job at Bank of America, you’ll make $41,000’ a year, he told MSNBC. ‘With the success our company has … we have to share that success with our teammates.’”