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Bank of America Increases US Minimum Hourly Wage to $21 as Next Step to $25 by 2025

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The FINANCIAL — Bank of America announced it has raised its U.S. minimum hourly wage to $21 as a next step in the company’s plans to increase to $25 by 2025. In May, the company also announced that all of its U.S. vendors are now required to pay their employees dedicated to the bank, at or…