Some Wal-Mart Workers to Get a Modest Raise
In an effort to stave off criticism of its low wages, the United States' largest private employer announced Thursday that it will raise the pay of half a million workers to $9 an hour in the next six months.In an effort to stave off criticism of its low wages, the United States’ largest private employer announced Thursday that it will raise the pay of half a million workers to $9 an hour in the next six months.
The Guardian reports:
Workers will make at least $9 an hour, $1.75 above the federal minimum wage. By February of next year, the company says it will pay its workers at least $10 an hour. The wage hike is part of a $1bn investment in staff that also includes a new approach to hiring, training and managing.
The new wage falls short of the $15 an hour that many Walmart workers have been demanding over the past year. It also falls short of the White House proposal of a $10.10 minimum wage. Walmart has previously said that it does not oppose a minimum wage increase to $10.10 as long as it is not targeted exclusively at large retailers.
“These changes will give our US associates the opportunity to earn higher pay and advance in their careers. We’re pursuing a comprehensive approach that is sustainable over the long term,” Walmart chief executive Doug McMillon said in a statement.
Read more here.
— Posted by Alexander Reed Kelly.
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