PROVIDENCE – Bank of America Corp. is upping its hourly minimum wage to $22 per hour, according to a news release.
The latest wage hikes, which take effect at the end of June, build upon a pattern over the last five years of raising the minimum wage, with the goal of reaching $25 per hour by 2025, the release stated.
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The upcoming wage increase will bring the annual yearly pay for full-time employees to $45,000.
Nancy Lavin is a PBN staff writer. You may reach her at Lavin@PBN.com.
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