Walmart (WMT) announced plans to hike its average hourly pay to more than $17.50 on Tuesday.
In a statement to U.S. employees, Walmart U.S. CEO and President John Furner said “starting next month, we’ll begin investing in higher wages for associates.”
He added: “This includes a mixture of associates’ regular annual increases and targeted investments in starting rates for thousands of stores, to ensure we have attractive pay in the markets we operate. We expect these raises will bring our…
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