<story><title>Bank of America is raising its minimum wage for employees to $20</title><url>https://www.cnbc.com/2019/04/09/bank-of-america-is-raising-its-minimum-wage-for-employees-to-20-an-hour.html</url></story><parent_chain></parent_chain><comment><author>rchaud</author><text>&amp;gt; The move is also a sign of increasing wage inflation for thriving companies.&lt;p&gt;This phrasing doesn&amp;#x27;t sit well with me. If the company is thriving, as it is, then why would you term a wage increase as &amp;quot;inflation&amp;quot;? The wages aren&amp;#x27;t tied to &amp;quot;shareholder value&amp;quot; or other metrics the BoD discusses before setting executive compensation.&lt;p&gt;Also, the article should be retitled to &amp;quot;BoA raising minimum wage to $17&amp;quot;, or &amp;quot;plans to raise wages to $20 by 2021&amp;quot;. Makes it sound like fait accompli otherwise, which it certainly is not.</text></comment>
<story><title>Bank of America is raising its minimum wage for employees to $20</title><url>https://www.cnbc.com/2019/04/09/bank-of-america-is-raising-its-minimum-wage-for-employees-to-20-an-hour.html</url></story><parent_chain></parent_chain><comment><author>mabbo</author><text>I&amp;#x27;m sure there&amp;#x27;s going to be some legitimate criticisms (they don&amp;#x27;t have many low paid workers; they&amp;#x27;re only doing this to win favor with the democrats; he still makes too much money; etc) but I don&amp;#x27;t really care.&lt;p&gt;It&amp;#x27;s a good thing to do. They didn&amp;#x27;t have to do it. They did it. I&amp;#x27;ll judge people on their actions first, intentions second.</text></comment>