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"Walmart has a long and storied (and well-earned) reputation for shortchanging its employees. That may change slightly following the corporate behemoth’s announcement this morning that it will be raising the pay of about half a million of its employees.
The new rate increase will raise hourly pay for employees to $9 as of April. Walmart says it also plans a second increase that will ensure all associates will be making $10 by next February.
We’re also strengthening our department manager roles and will raise the starting wage for some of these positions to at least $13 an hour this summer and at least $15 an hour early next year.
Not only does this potentially alter Walmart’s image as one of the most egregious examples of corporate greed – it may have a big impact on the ongoing national conversation around raising the minimum wage.
The estimated cost of the pay raises and other changes announced today hovers somewhere around $1 billion dollars for the fiscal year"
http://www.alternet.org/news-amp-politics/walmart-raising-wage-500000-employees
IMO, minimum wage should've been like $10 10 years ago, and this is only a sign of the huge profits they're making, but I guess it's a small victory for folks. We'll see if they raise prices, seeing that seems to be the biggest excuse from the opposition when it comes to increasing minimum wage.
The new rate increase will raise hourly pay for employees to $9 as of April. Walmart says it also plans a second increase that will ensure all associates will be making $10 by next February.
We’re also strengthening our department manager roles and will raise the starting wage for some of these positions to at least $13 an hour this summer and at least $15 an hour early next year.
Not only does this potentially alter Walmart’s image as one of the most egregious examples of corporate greed – it may have a big impact on the ongoing national conversation around raising the minimum wage.
The estimated cost of the pay raises and other changes announced today hovers somewhere around $1 billion dollars for the fiscal year"
http://www.alternet.org/news-amp-politics/walmart-raising-wage-500000-employees
IMO, minimum wage should've been like $10 10 years ago, and this is only a sign of the huge profits they're making, but I guess it's a small victory for folks. We'll see if they raise prices, seeing that seems to be the biggest excuse from the opposition when it comes to increasing minimum wage.