About half a million Wal-Mart employees are getting a much needed pay raise. Starting in April, full- and part-time U.S. employees of the company, the largest private employer in the nation, will earn at least $9 an hour, a full $1.75 more than the federal minimum wage, the company announced this week.
Wal-Mart, which has long been criticized by labor advocates for its low compensation rates, says hourly wages will rise to at least $10 by next year. It’s the latest in a series of large retailers who have recently moved to boost wages for their lowest paid employees. Last year Gap, Inc. announced a similar wage bump, joining the ranks of companies like Ikea, Whole Foods and Costco that all pay above the federal minimum. Continue reading