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Bank of America to boost minimum wage to $25 an hour for its employees by 2025

May 20, 2021

Bank of America announced Tuesday it will raise the minimum hourly wage for its employees to $25 by 2025. The banking giant based in Charlotte, North Carolina, is the latest U.S. corporation to increase the minimum wage paid to its workers as the country rebounds from the COVID-19 pandemic that caused massive layoffs last year.

Article Source: USA Today

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