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Walmart raises starting hourly wage to $11 amid tax overhaul

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Walmart raises starting hourly wage to $11 amid tax overhaul

Walmart is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
Walmart, the nation’s largest private employer, has fought in recent years to improve its image in the U.S., as it weathered criticism over its treatment of employees. With the wage increase and bonus payment, the company seeks to even its pay gap with resurgent rival Target Corp., while simultaneously sending a high-profile thank you to the U.S. government for slashing the corporate tax rate.
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I'd say this is a positive development.
 
bearpoker said:
They have to keep up with Target which is paying $12 an hour. A tight labor market is a wonderful thing.
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Whatever it takes, the market is working.
 
Some people are so easily played (as I just had to say in another cheerleading thread). A few big employers have given a little bit more to works at a cost that is utterly insignificant compared to the increased profits that will result from the tax cuts. Give them a dollar, they spend half a penny, and the usual suspects cheer without thought.
 
bearpoker said:
They have to keep up with Target which is paying $12 an hour. A tight labor market is a wonderful thing.
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My beef with Target might simply have been a local store management matter but it was my experience that quite often the shelf indicated price is not what the register showed - usually in the store's favor. On my last visit I selected a pair of reading glasses off of a peg labeled $6.86 (and bearing the brand of those glasses) which rang up as $31.96 at the register. The highest marked display price for any reading glasses in that store was $24.96. After going through a few levels of floor employees, and twenty minutes of additional check out time, the display price was honored via a "manager override" - I have not returned to Target.
 
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