Employer in the country is making a big investment in its employees. Walmart hikes to 9 above the federal minimum wage. The Worlds Largest retailer has been under pressure from organized labor group demanding higher pay and better benefits. Reported earnings today. They topped expectations but it did cut Sales Outlook citing the stronger dollar. Investors pushed shares of walmart lower likely worried about the bottom line of worker pay initiative. It was the worst performing stock in the Dow Jones Industrial average today. Courtney reagan now with more on walmart and what was behind the companys big decision. Reporter the countrys largest private employer will spend a billion dollars to increase wages for half a million of its 1. 3 million workers. Improve its scheduling and offer new Training Programs for career advancement. Currently, only 6,000 walmart workers make federal minimum wage but starting in april, wages for walmarts u. S. Employees will be at least 9 and then at least 10
Employer in the country is making a big investment in its employees. Walmart hikes to 9 above the federal minimum wage. The Worlds Largest retailer has been under pressure from organized labor group demanding higher pay and better benefits. Reported earnings today. They topped expectations but it did cut Sales Outlook citing the stronger dollar. Investors pushed shares of walmart lower likely worried about the bottom line of worker pay initiative. It was the worst performing stock in the Dow Jones Industrial average today. Courtney reagan now with more on walmart and what was behind the companys big decision. Reporter the countrys largest private employer will spend a billion dollars to increase wages for half a million of its 1. 3 million workers. Improve its scheduling and offer new Training Programs for career advancement. Currently, only 6,000 walmart workers make federal minimum wage but starting in april, wages for walmarts u. S. Employees will be at least 9 and then at least 10
Employer in the country is making a big investment in its employees. Walmart hikes to 9 above the federal minimum wage. The Worlds Largest retailer has been under pressure from organized labor group demanding higher pay and better benefits. Reported earnings today. They topped expectations but it did cut Sales Outlook citing the stronger dollar. Investors pushed shares of walmart lower likely worried about the bottom line of worker pay initiative. It was the worst performing stock in the Dow Jones Industrial average today. Courtney reagan now with more on walmart and what was behind the companys big decision. Reporter the countrys largest private employer will spend a billion dollars to increase wages for half a million of its 1. 3 million workers. Improve its scheduling and offer new Training Programs for career advancement. Currently, only 6,000 walmart workers make federal minimum wage but starting in april, wages for walmarts u. S. Employees will be at least 9 and then at least 10