, Columnist
The Real Reason Walmart Raised Its Minimum Wage
Not because of the corporate tax cut, but because the labor market is tight. Which is great news!
Cupcakes and TVs: The many-SKU model.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
“Walmart workers” used to be a handy synonym for “low-paid.” But over the past few years, the company has steadily raised the wage it offers its lowest-paid employees, and it has now announced that base pay will go up again, to $11 an hour.
If you are one of the majority of people who do not work at Walmart, why should you care about this? Other than the possibility that this will slightly raise the outrageously low prices you pay for goods there?