Bank of America to increase U.S. minimum hourly wage to $23 in October

PROVIDENCE – Bank of America Corp. will again increase its U.S. minimum hourly wage for employees as part of its plan to pay $25 per hour by 2025, the bank announced. The company will begin paying $23 per hour in October. With its stated goal of paying $25 per hour by 2025, the company’s minimum…

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