Bank of America Increases Minimum Wage to $24, Aiming for $25 by 2025 Bank of America has announced an increase in its minimum hourly wage to $24, effective next month, as part of its plan to reach $25 per hour by 2025. This raise, up from $23, translates to an annual salary of approximately $50,000 for full-time employees and reflects the bank’s commitment to competitive pay, having raised its minimum wage significantly from $15 in 2017. The move aims to attract and retain talent amid a tightening labor market, with Bank of America emphasizing its role as a leader in employee compensation and benefits. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gundlach Skeptical of 'Goldilocks' Economy, Foresees Recession READ MORE New Russia-Iran Pact Marks Major Step in Global De-Dollarization Efforts READ MORE Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE Silver: "A Quadruple From Here Is LOGICAL" READ MORE Jamie Dimon: Premature Rate Cuts Could Trigger Inflation Rebound READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment