minimum wage

Charlotte-based Truist Financial to increase minimum wage to $22 per hour

Posted by WRAL TechWire | Jul 6, 2022

Truist Financial Corporation, headquartered in Charlotte, will increase the financial firm’s minimum wage to $22 per hour for all employees.

Verizon raises starting hourly wage to $20, adds hiring bonus for Triangle workers

Posted by Jason Parker | Apr 21, 2022

In a tight labor market, companies are doing all they can to attract and retain workers in the Triangle. That’s important, as the latest WRAL TechWire Jobs Report finds that there are more than 50,000 job openings across the region.

Bank of America raising minimum wage to $21, providing training through virtual reality for employees

Posted by WRAL TechWire | Oct 7, 2021

Bank of America is raising the minimum wage it will pay its employees to $21 per hour, with plans to raise it to $25 per hour by 2025. Plus, the bank announced that it would provide virtual reality training to about 50,000 employees based at each of about 4,300 financial centers in the U.S.

Debating raising minimum wage: In wake of pandemic, has time come to increase pay?

Posted by WRAL TechWire | Jun 23, 2021

Some economists argue that now, more than ever, the federal government should increase the federal minimum wage, believing that higher wages will entice more workers to return. However, others contend that raising the minimum wage could have unintended consequences for workers and businesses. Let’s examine the issues.

Amazon poll finds big support for more than doubling minimum wage to $15 an hour

Posted by WRAL TechWire | Mar 16, 2021

The US public supports a more than doubling of the federal minimum wage to $15 an hour, according to a new nationwide poll from internet giant Amazon.