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Am I entitled to back pay?

Question Details: My company was bought out 3 years ago. They have a pay scale that pays more to people with a bachelor's degree. I have a bachelors degree. I just found out from my immediate supervisor that the company has been mistakenly paying me the rate of someone without a BS degree and plan to raise my hourly pay rate eventually. However, when they bought the company they made us fill out job applications and it clearly stated my degree. They say they'll raise my rate now to what it should be but it should have been higher all along.

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