Bank of America closed all branches within small markets years ago. The closer you are to a metro market the higher the wages. If you are not at a higher wage it may mean that you didn't perform.
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Cr--s in a bucket mentality
Bank of America is going with $21 and up to $25 by 2025. Not sure how that will make US Bank competitive at just $18/hr… and only $2 bucks higher than fast food places. I agree that everyone’s salary needs to be adjusted upwards.
Nowhere does U.S. Bank say this increase has anything to do with inflation. They openly say in the article that it's to remain competitive. That means that they want to attract employees from elsewhere. It's not even close to the highest in the industry, it's really just to stay in the middle. If the company cared about inflation, the minimum annual merit increase would have been above cost of living increase. It wasn't!
Everyone across the board needs to have their pay adjusted by $3/hr. This is very demeaning to all tenured workers.