CHARLOTTE, N.C. (AP) — Bank of America is raising its starting pay to $20 an hour over a two-year period, starting with a hike next month. The company said it is raising its minimum hourly wage to $17 on May 1 and will continue to increase pay until it hits $20 an hour in 2021.
Bank of America raised its hourly minimum wage to $15 in 2017. It says wages have increased since then, though it didn’t release details of those increases.READ MORE: Philadelphia Mayor Jim Kenney Says He'll Be Happy When He's Not Mayor Following Fourth Of July ShootingSources: Authorities Investigating Whether 2 Police Officers Struck By Stray Bullets On Ben Franklin Parkway
In a Tuesday interview on MSNBC, Chairman and CEO Brian Moynihan said, “”If you get a job at Bank of America, you’ll make $41,000 per year.”
Bank of America Corp., based in Charlotte, North Carolina, has more than 205,000 workers.MORE NEWS: Kyle Schwarber Homers Twice In Phillies' 11-0 Romp Past Nationals
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