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 Brazil Nearly Eradicates Illegal Gold Mining in Yanomami Territory READ MORE MAS Singapore Gold Vault READ MORE How Gen Z's Interest in Gold is Shaping the Market READ MORE Silver's 44 Year Cup & Handle "Now, I Believe MID TO HIGH Triple Digits Are Baked in the Cake" READ MORE Federal Reserve Balances Rate Decisions Now That Inflation Has Slowed READ MORE Add a Comment Cancel replyYour email address will not be published.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