Walmart Raises Minimum Wages As Worker Shortages Crunch Labor Market

Walmart Raises Minimum Wages As Worker Shortages Crunch Labor Market


Walmart announced on Tuesday that the grocery and retail corporation will increase average wages for many associates as the job market witnesses a persistent shortage of labor supply.

Walmart U.S. CEO John Furner revealed in a memo that the company plans to implement raises in select stores such that rates are more appealing relative to competitors. Average pay for Walmart employees across the nation will now surpass $17.50 per hour.

“Starting next month, we’ll begin investing in higher wages for associates,” Furner wrote. “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.”

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Walmart is one of the largest private sector employers in the United States; the company

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