Thursday, January 11, 2018

Trump's Oppression of the Poor Continues

1/11/18 Bloomberg:
Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.
The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
$11/hour isn't great wages, but for many low skill, ,.low education Americans (both many of their employees and customers) that is an improvement.

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