Bank Of America Raising Minimum Wage To $20/hr

First Target, now Bank of America is raising its starting pay...this time to $20 an hour. Keep in mind this is going to take place over a two year period, beginning with a boos to $17 on May 1st and will hit $20/hr by 2021. Cha Ching!

According to a interview on MSNBC, The Chairman and CEO, Brian Moynihan said, ”″If you get a job at Bank of America, you’ll make $41,000 per year.”

Nationally, congress introduced a plan back in January to more than double the federal minimum wage to $15 per hour by 2024.