Wal-Mart Announces Pay Raise For Half A Million Employees
Wal-Mart announced pay for new employees will be $9 an hour starting in April and current employees will make at least $10 an hour by next year.By Matt Moreno | February 19, 2015
The nation's biggest company — and one of the most scrutinized regarding worker wages — is now giving a raise to nearly 40 percent of its employees.
Wal-Mart announced Thursday it will give raises to about 500,000 of its 1.3 million U.S. employees — bumping starting pay to at least $9 an hour starting in April and promising current employees $10 an hour by next year.
"It's clear to me that one of the highest priorities today must be an investment in you, our associates," Wal-Mart CEO Doug McMillon said.