Bank of America Raises Minimum Wage to $24 an Hour

Key TakeawaysBank of America increased its U.S. minimum wage to $24 per hour.The bank has gradually increased its minimum pay since 2017, and plans to reach$25 by 2025.The U.S. Bureau of Labor Statistics expects bank teller employment to decline over the next several years. Bank of America (BAC) has raised its minimum wage to $24 an hour in the U.S., they announced Tuesday. The increase also applies to salaried positions, bringing the minimum annualized salary for the bank’s full-time U.S. employees to nea ...