CNN: Bank Of America Will Raise Its Minimum Wage To $25 By 2025
Bank of America said Tuesday that it will raise the hourly minimum wage of its US employees to $25 by 2025.
One of the biggest companies in the United States, Bank of America, announced it is going to boost the minimum hourly wage it pays its employees. It comes as the national discussion over minimum wage and what constitutes a fair salary continues.
“The key is for big companies like ours to set a standard,” BoA CEO Brian Moynihan said during an interview Tuesday with CNN’s Poppy Harlow. “We think it’s part of sharing our success with our communities.”
Bank of America announces it will raise its US minimum wage to $25 an hour by 2025.
“It’s just an investment in our teammates,” CEO Brian Moynihan tells @PoppyHarlowCNN. https://t.co/xuacDxIq8T pic.twitter.com/JBAIrINVZq
— CNN (@CNN) May 18, 2021
