Walmart will be raising its minimum wage for hourly employees at all U.S. stores next month to better compete with starting pay rates.
The increase comes after top Walmart competitor Amazon raised its
for front-line workers from $18 to $19 per hour last October. Amazon still has a company minimum wage of $15 per hour.that the company will make “targeted investments in starting rates for thousands of stores, to ensure we have attractive pay in the markets we operate.”At Walmart, we know our people make the difference.
Retail sales also took a dip this past December for a second consecutive month, mostly due to rising inflation and cost of using credit cars, which has slowed consumer activity. “Retail sales fell a worse-than-expected 1.1% in December, following a revised 1% drop in November, the Commerce Department reported Wednesday. In October, retail sales ticked up 1.3%, helped by early holiday shopping,” noted the“Auto sales declined as rising interest rates for auto loans crimped demand,” it added. “That, and falling gas prices, helped to pull overall retail sales lower. The December figure marked the biggest monthly decline in 2022.
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