Bank of America Raising Minimum Wage to $23/hr in October, Part of Plan to Reach $25/hr by 2025

Bank of America raising minimum wage to $23/hr in October, up from current $15/hr
Part of goal to increase to $25/hr by 2025
The increase brings minimum annual salary to almost $48,000 for full-time employees
Bank has increased wages several times in recent years, starting with move to $15/hr in 2017
Bank says "providing a competitive minimum rate of pay is foundational"

reuters.com

Relevant topic timeline:

8/20/2023

How much will Florida minimum wage rise to in September 2023?

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8/23/2023

State announces minimum wage rate increases for 2024

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9/12/2023

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10/16/2023

Seattle Minimum Wage to Reach Nearly $20 per Hour in 2024, One of the Highest in the U.S.

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