A Bank of America branch in Manhattan. The country's second-largest bank is increasing the wages of its lowest-paid workers, who will start earning at least $24 per hour in October. Bank of America is pledging to pay its bank tellers and other hourly workers at least $24 per hour starting in October.
The company says that this pay raise, from $23 per hour currently, will affect “thousands” of its 212,000 employees. The wage increase will particularly affect tellers and other customer-facing employees, such as call-center workers.their starting pay for hourly workers in the past few years, in part due to the difficulty of attracting workers to these relatively unglamorous and non-remote-friendly jobs. The U.S.
Yet this latest increase also underscores the vast income disparities across the financial industry, between the hourly retail workers who deal with customers and the