Bank of America Raising Minimum Wage to $23 Per Hour in October
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Bank of America increasing minimum wage to $23/hour starting in October
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Increase is $1/hour from current $22/hour minimum
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Move will bring minimum annual salary to nearly $48,000 for full-time employees
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Increase is part of plan announced in 2021 to reach $25/hour minimum by 2025
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Bank has increased minimum hourly rate at least 5 times since 2017, up 53% or $8 from $15/hour minimum in 2017