82-year-old finally gets to retire after going viral on TikTok CNN — Walmart, America’s largest private employer, said Tuesday that it will raise its minimum wage from $12 to $14 an hour as it tries to retain store and warehouse workers in a tight labor market for lower-wage industries. Walmart has 1.7 million workers in the United States, 94% of whom are hourly employees, according to its latest annual securities filing. The company hired hundreds of thousands of workers during the Covid-19 pandemic to meet strong consumer demand for groceries and other goods. In many areas of the country, particularly southern states that have not adopted higher wage laws, Walmart’s starting wage often serves as the local minimum wage. The company’s move is likely to have a ripple effect across the service industry. Why Walmart is eliminating single-use bags in some states but not others Walmart for decades been a target of criticism from labor groups for low pay, but it has been raising wages in recent years . Its latest move will close the gap with Amazon (AMZN) , Target (TGT) , Costco (COST) , and other rivals. Amazon (AMZN) and Target (TGT) have a $15 minimum wage, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
