Wal-Mart to increase wages for US Workers
Big box giant may see a hurt in profit but a boost in morale.
Wal-Mart Stores Inc. has announced plans to increase the pay of all U.S. employees to at least $9 an hour by April, and an additional dollar an hour by 2016. This wage increase will exceed the federal minimum wage by 24 percent. This will affect about 500,000 full-time and part-time Wal-Mart and Sam’s Club employees out of the company’s 1.4 million total.
This could be a major influence on other brands that have yet to increase wages, especially as pressures from state legislatures and the workforce continue.
Read more by clicking here.