workers
.
Wal-Mart's Minimum Wage Breakdown

Source: www.bloombergview.com
Date: February 23, 2015
Link: www.bloombergview.com
Author: Barry Ritholtz

Last week, we learned that Wal-Mart was giving the lowest paid of its hourly employees a raise. In a blog post, Wal-Mart Chief Executive Officer Doug McMillon said that as of April, the company will pay a minimum of $9 an hour. That is $1.75 more than the federal minimum wage of $7.25, which has been unchanged for almost six years. Next February, Wal-Mart's lowest hourly rate will rise to $10.

Read more...