Bank of America (NYSE:BAC) announced yesterday that it will raise the minimum wage for employees to $20 an hour over the course of the next two years. It will also freeze health care cost increases for those who are on the lower rung of the wage ladder.
Bank of America Raises Minimum WageSetting a standard, the bank will raise the wage to $17 as of May 1st and then by 2021 will increase to the higher figure of $20 per hour.
According to CEO Brian Moynihan in a chat with MSNBC, he said ...
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