Bank of America Corp. (NYSE: BAC) announced Tuesday it will raise its minimum wage to $20 an hour by 2021.
Starting May 1, BofA's minimum wage will increase to $17 an hour. Wages will continue to rise until they reach $20 an hour in 2021, the bank said.
“We are raising our minimum wage because we believe that to best serve our customers and clients, we need the best teams,” said Sheri Bronstein, chief human resources officer, in a statement. “Saying thank you, celebrating great work, and…
