Brian Moynihan

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Bank of America is raising its minimum wage to $20

Apr 09, 2019By

Bank of America plans to raise the minimum wage of its 205,000 employees this year, eventually boosting it to $20 per hour within the next two years. CEO Brian Moynihan said Tuesday on MSNBC that the bank will increase pay to $17 per hour starting May 1st, climbing incrementally until it lands at $20 in 2021.

3d rendering of a row of luxury townhouses along a street

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