Bank of America today announced that it will raise its minimum wage to $20 per hour over a two-year period. The increase will occur in increments. On May 1, 2019, the minimum hourly wage will increase to $17, and will continue to rise until it reaches $20 in 2021.

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Since 2010, the minimum wage has increased by nearly $6 per hour – two years ago, Bank of America raised it to $15 and it is now $17 per hour. The average rate for all U.S. hourly employees is.

Bank of America said it is raising its minimum wage, with the figure rising to $20 per hour by 2021. The Charlotte, NC-based bank said hourly wages will increase to $17 starting May 1, 2019.

CHARLOTTE, N.C. (WTHR) – Bank of America CEO Brian Moynihan says some employees will get a pay raise beginning May 1, and another one is two years. Moynihan said on MSNBC Tuesday the bank is raising minimum wage $17 an hour next month and $20 an hour in two years.

Starting May 1, the bank’s minimum wage will increase to $17 an hour. Wages will continue to rise until they reach $20 an hour in 2021.

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Bank of America raises minimum wage to $17 per hour May 16, 2019 RSS FEED No comments When Bank of America ‘s employees received their bi-weekly paychecks this week, the lowest dollar amount that any of them earned per hour was $17 after the bank officially increased its minimum hourly wage from $15 to $17 this month.

Bank of America announced two years ago that it would begin raising its minimum wage to $15 an hour. Now it says wages will reach $17 an hour in May and then increase incrementally until it hits.

Since 2010, the minimum wage has increased by nearly $6 per hour – two years ago, Bank of America raised it to $15 and it is now $17 per hour. The average rate for all U.S. hourly employees is.

The banking giant has announced that it will be raising the minimum wage for for its employees. beginning with a jump to $17-per-hour on May 1. (Photo by Scott Olson/Getty Images) NEW YORK (AP) -.

Bank of America to Raise Minimum Wage to $20 per Hour.. the minimum hourly wage will increase to $17, Bank of America’s minimum wage has increased by more.

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