Bank of America’s $24 Minimum Wage Hike Overtakes Newsom’s California Plan: Inflation Concerns Rise
As Bank of America raises its minimum hourly wage to $24, surpassing California’s newly approved $20 minimum wage for fast-food workers, questions are surfacing about how these increases could exacerbate already rising inflation. With inflation already a significant concern for consumers and policymakers, such substantial wage hikes across industries may contribute to further price increases,…