We have learned that Wal-Mart Chief Executive Officer Doug McMillon has announced that as of April, the company has started paying a minimum of $9 an hour, which is $1.75 more than the federal minimum wage of $7.25. This was the first time Wal-Mart changed its minimum wage in six years. More surprisingly, Wal-Mart’s lowest hourly pay rate will rise to $10. We should know that the pay raise would affect a half-million workers of Wal-Mart in the U.S.
One of the reasons that Wal-Mart increasing its minimum wages is that Wal-Mart’s average hourly wage is lower than that in the retail sector as a whole. Compared with the market average $14.65, $11.81 is really not a competitive price Wal-Mart offered to its employees. Therefore, Wal-Mart cannot
One of the reasons that Wal-Mart increasing its minimum wages is that Wal-Mart’s average hourly wage is lower than that in the retail sector as a whole. Compared with the market average $14.65, $11.81 is really not a competitive price Wal-Mart offered to its employees. Therefore, Wal-Mart cannot