Bank of America announced it has raised its U.S. minimum hourly wage to $24 per hour in Maryland and nationwide, the latest step in the company’s commitment to a $25 hourly minimum wage by 2025. The announcement was made by Sheri Bronstein, Bank of America’s chief human resources officer. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to nearly $50,000.
