Bank announces wage hike after U.S. tax changes

HONOLULU – In one of the first examples of what experts say could be a trickledown effect of the new U.S. corporate tax rate, one organization has already implemented a wage increase for employees.

  Bank of Hawaii will increase its minimum hourly wage to $15, applicable to employees in Guam, Saipan and Palau, as well as Hawaii and American Samoa. Effective Jan. 1, the increase will affect 565 employees, according to a Dec. 22 release from BOH’s headquarters in Honolulu.

Additionally, the bank announced a $1,000 bonus for all employees below senior vice president level, payable the . . .

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