BofA will increase its minimum wage to $15 an hour starting early next year

[think]

Bank of America Tellers, Others to Get Pay Increase

By CHRISTINA Dec. 6, 2016 2:39 p.m. ET

BofA will increase its minimum wage to $15 an hour starting early next year

~Snip~

Bank CEO Brian Moynihan said at a Goldman Sachs financial services conference Tuesday that the bank will increase its minimum wage to $15 an hour starting early next year.

A bank spokeswoman said the bank’s current minimum wage is $13.50. The wage increase will affect employees across the country, including tellers, customer service representatives and workers in technology and operations. The federal minimum wage is $7.25 per hour.

~snip~

The increases for lower paid workers at big banks have come against the backdrop of a large-scale push nationally to increase the minimum wage. Several cities have increased the minimum wage to $15, although efforts for a similar raise at the federal level have so far failed.

Big banks have also been working for some time to improve their public image, which was badly dented during the financial crisis and housing meltdown.

Read more:
http://www.wsj.com/articles/bank-of-america-tellers-others-to-get-pay-increase-1481053176

[JHan]

1. Yeah how about $24..

[think]

3. I wouldn't bank on it /nt

[nycbos]

4. Pun intended I am guessing

[JHan]

7. a very clever one !

[yeoman6987]

5. I always thought those asking for 15 dollars was too low

Once everyone gets 15 dollars an hour, they can't stop. They need to ask for even more. It's the only way to finally get a decent wage.

[JHan]

6. I have problems with deciding these things by legislative fiat but --

A company like Goldman Sachs..?? these private firms?? nah they can fork over more. They have no excuse. They're not some struggling flower shop or restaurant trying to keep shit together.

[sfwriter]

2. This is a smart move...

They are shrewd to do this. Their image is crap.

[dixiegrrrrl]

8. Ditto. n/t

[NCTraveler]

9. They have been rapidly phasing out tellers.

The pool of people making the minimum at B of A has declined as a result of their more recent changes. The teller position is also being asked to do more than ever.

Two years ago, as they began phasing out tellers in my area, they literally had police officers posted at their doors to deal with pissed off customers.

B of A gets absolutely no respect from me.

This is image based only.

https://www.google.com/?gws_rd=ssl#q=bank+of+america+close+drive+thru

This is how large companies get to slash jobs and build a fan club at the same time.