{"id":52134,"date":"2021-10-07T01:19:27","date_gmt":"2021-10-06T21:19:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52134"},"modified":"2021-10-07T01:19:33","modified_gmt":"2021-10-06T21:19:33","slug":"bank-of-america-hikes-its-minimum-wage-to-21-an-hour","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bank-of-america-hikes-its-minimum-wage-to-21-an-hour\/10\/07\/market-updates\/","title":{"rendered":"Bank of America hikes its minimum wage to $21 an hour"},"content":{"rendered":"\n<p>Bank of America is now paying its U.S. workforce at least $21 an hour; nearly three times the federal minimum wage of $7.25, which has not moved in 10 years even though a majority of Americans support an increase.<br><br>The pay hike announced by the nation&#8217;s second-biggest bank on Wednesday follows BofA&#8217;s May pledge to pay its workers a minimum hourly wage of $25 by 2025.<br><br>The North Carolina-based bank is also requiring its U.S. vendors pay their workers who are dedicated to the bank&#8217;s business at least $15 an hour.<br><br>BofA&#8217;s pay hike impacts a sizable number of its 174,000 labour force  in the U.S. and continues a trajectory that began with the bank raising its hourly minimum to $15 in 2017, then to $17 in 2019 and to $20 last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America is now paying its U.S. workforce at least $21 an hour; nearly three times the federal minimum wage of $7.25, which has not moved in 10 years even though a majority of Americans support an increase.The pay hike announced by the nation&#8217;s second-biggest bank on Wednesday follows BofA&#8217;s May pledge to pay &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7236,7695,7677],"class_list":["post-52134","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-bank-of-america","tag-u-s-minimum-wage","tag-wages"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52134"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52134\/revisions"}],"predecessor-version":[{"id":52140,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52134\/revisions\/52140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52139"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}