Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes after tax bill passage


Hey, what a surprise. Nice.

Please, do tell us how this is a bad thing.

(From CNBC)

Fifth Third Bancorp will pay more than 13,500 employees a bonus and raise the minimum wage of its workforce to $15 an hour after the passage of the Republican tax plan that will cut the bank’s corporate tax rate.

Fifth Third is yet another company to announce a bonus for employees because of the tax plan. AT&T said earlier Wednesday that it would pay more than 200,000 U.S. employees $1,000 each and increase its capital spending budget by $1 billion.

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