Walmart, which employs 1.3 million in the U.S. alone, plans to boost its minimum pay to $9 an hour by April and $10 an hour by Feb. 1, 2016. The current federal standard is $7.25.
That would generate long-awaited wage inflation, the lack of which has been a main contributor to the lackluster post-recession economic recovery in the U.S., the worst since the Great Depression.
"What Wal-Mart has done is set the new benchmark for employee pay for big-box stores. It might be cooler to work at a Wal-Mart, where you get training and a higher pay,". "It could spread to the big-box retailers, and throughout the mall."
Wal-Mart's announcement comes after a solid two years of lobbying both from worker advocate groups and President Barack Obama's.
Walmart and other low wage companies' workers cost U.S. taxpayers $ billions in public assistance including food stamps, Medicaid and subsidized housing.
This is a good business decision to reduce turn around, better employment Poole, satisfaction of the employees and better customer service. Just a thought.
That would generate long-awaited wage inflation, the lack of which has been a main contributor to the lackluster post-recession economic recovery in the U.S., the worst since the Great Depression.
"What Wal-Mart has done is set the new benchmark for employee pay for big-box stores. It might be cooler to work at a Wal-Mart, where you get training and a higher pay,". "It could spread to the big-box retailers, and throughout the mall."
Wal-Mart's announcement comes after a solid two years of lobbying both from worker advocate groups and President Barack Obama's.
Walmart and other low wage companies' workers cost U.S. taxpayers $ billions in public assistance including food stamps, Medicaid and subsidized housing.
This is a good business decision to reduce turn around, better employment Poole, satisfaction of the employees and better customer service. Just a thought.
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