This national employer just raised its minimum wage to $21 an hour amid worker shortage
Minimum wage workers employed by Bank of America in the U.S. are now making $21 per hour, according to a Wednesday press release.
This is just one step of a plan to increase that hourly wage to $25 by 2025, said the company. In the past four years, Bank of America raised the minimum hourly wage to $15 in 2017; to $17 in 2019 and to $20 2020. This May, the company also required all of its U.S. vendors to pay employees dedicated to the bank a minimum salary of $15 per hour.
“Today, we are taking another step forward, again increasing our minimum rate of pay for U.S. employees, demonstrating our commitment to sharing our success with teammates, and inspiring others to do the same,” said Sheri Bronstein, chief human resources officer at Bank of America.
The latest increase for Bank of America’s minimum wage workers comes as while the U.S. deals with labor shortages, especially for low paying jobs, according to USA Today.
https://www.msn.com/en-us/money/markets/this-national-employer-just-raised-its-minimum-wage-to-21-an-hour-amid-worker-shortage/ar-AAPibBE
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that's not bad. They're not Union are they? Are there bank Unions?
K&R