Bank Of America Increasing Minimum Wage To $20

Follow KDKA-TV: Facebook | Twitter
By Anneken Tappe, CNN Business
(CNN) — Bank of America is raising its minimum pay to $20 an hour for its more than 205,000 employees.
The company will implement the new minimum wage over the next two years, according to comments made by CEO Brian Moynihan on MSNBC earlier Tuesday.
Paychecks will initially be raised to $17 an hour starting May 1, before climbing incrementally until 2021. Two years ago, the bank’s employees got a raise to a minimum of