Bank Of America Will Hike Its Minimum Wage To $20
BANK OF AMERICA WILL RAISE ITS MINIMUM WAGE TO $20 AN HOUR BY 2021
(CNN) – Bank of America is raising its minimum wage.
The bank says employees receiving its lowest compensation will see their paychecks rise to $17.00 an hour beginning May 1st.
That base pay will then climb incrementally until 2021, when it will hit $20.00 an hour.
The company’s CEO made the announcement Tuesday in an interview with MSNBC.
It’s unclear how many employees will benefit by the wage increase.
Bank of America employs more than 200,000 people worldwide.
Of those, nearly 170,000 work in the U.S.