NBC News, April 9th, 2019: Bank of America is raising its minimum wage for employees to $20 an hour
Bank of America is raising the minimum wage for employees this year and plans to hike it to $20 an hour in two years.
“If you get a job at Bank of America, you’ll make $41,000” a year, Chairman and CEO Brian Moynihan told MSNBC on Tuesday. “With the success our company has … we have to share that success with our teammates.”
Starting May 1, the hourly minimum wage will rise to $17 and will go higher in increments for the next two years, the Charlotte, North Carolina-based company said Tuesday in a statement. The bank has also frozen health-care cost increases for lower-paid employees, Moynihan said on MSNBC.
