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CHARLOTTE — Bank of America announced it will raise its U.S. minimum hourly wage to $25, effective in early October, increasing the minimum annual salary for full-time employees to over $50,000.
Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
Bank of America announces it will raise its minimum hourly wage to $25, bringing the starting annualized salary for U.S. full-time employees to over $50,000.