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Increases of starting wage above minimum wage at Walmart

Source: money.cnn.com
Date: February 19, 2015
Link: money.cnn.com
Author: Chris Isidore

Walmart’s decision to increase its lowest wages above the minimum wage seem to represent a decision that contrasts with the large retailer traditional policy to pay lowest possible wages generally aligned to the Federal minimum wage. While this decision might represent the start of a new policy, it also highlights to limitations of the model followed so far, with declining sales, low workers’ motivation and high staff turnover.

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