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Bank of America raises U.S. minimum hourly wage to $25, increasing starting salary to more than $50K
(atlantadailyworld.com)
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1 bedroom apartments are going for $1,400 where I live which would be just over 33% of this (35%) so this would be the bottom end for folks… even renting 35% is starting to stretch things. By the time I’m done with utilities (phone, internet, water, gas, and electric) I’m at 21,380, or 43% of pretax wages without counting in food/other bills.