Bank Of America Announces Plans To Increase Minimum Pay Wage To $25/Hr By 2025

Bank of America has announced that it will raise its minimum pay wage to $25 per hour by 2025.

The company last raised pay to $20 per hour in March of 2020.

The bank also announced that all of its U.S. vendors are required to pay their employees dedicated to the bank at least $15 per hour.

Since 2010, Bank of America's minimum hourly wage has gone up by nearly $14.