Bank of America Raises Minimum Wage to $25, Setting Industry Standard

Bank of America has announced an increase in its minimum hourly wage to $25, fulfilling a commitment made in 2021. This significant move enhances employee well-being and sets a precedent in the banking industry, encouraging others to consider similar wage increases. CEO Brian Moynihan highlights that this decision not only attracts talent but also fosters career development within the firm, reflecting a growing trend towards fair compensation in the competitive job market.