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Bank of America (BAC) Raises Minimum Hourly Wage to $17

Last month, Bank of America (NYSE: BAC) announced that it would raise its minimum hourly wage to $20 over a two-year period. The first increment to $17 was made on May 1, and is reflected in impacted employees’ paychecks this week. The hourly rate of pay will continue to increase until it reaches $20 in 2021. This is part of Bank of America’s...

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