Bank of America Corp. said on Wednesday it had raised its U.S. minimum hourly wage to $21, as it works to keep its promise of increasing the pay to $25 an hour by 2025.
Bank of America in May disclosed plans to raise its minimum wages for its U.S. employees, joining a clutch of firms that have pledged to pay employees more after a year of pandemic risks and government subsidies fueled conversations on whether companies pay their workers enough.
