Walmart is set to give half a million workers a pay raise in the next six months, the company announced on Thursday. The US’s largest private employer is increasing the pay of about 40% of its employees as it fights to stave off criticism of its low wages. ... 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.Walmart has been a social parasite, in that they have paid people so poorly that their workers have been on government assistance. In effect, the taxpayers have been subsidizing Walmart's pay scale. Full-time workers will be paid slightly more, but it still will be low enough that we'll continue to subsidize Walmart's labor costs.
Thursday, February 19, 2015
When They Feel the Heat, They See the Light; Wal-Mart Ed.
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Interesting also, WalMart stock dropped.
If they'd announced they were laying off 10% of the workers, it would have risen.
What a system.
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