Far West
Pursuit Driver
Uuht oh... Wal-Mart giving employees wage increases due to new tax bills. Don't tell those idiot dems that tax breaks actually help wages of front line employees.
Walmart to raise its starting wage to $11, give some employees bonuses following tax bill passage
Of course Trump got credit from Newsweek, the above CNBC did not credit the orange one.
TRUMP'S TAX BILL PROMPTS WALMART TO RAISE STARTING WAGE, GIVE $1,000 BONUSES TO SOME EMPLOYEES
Walmart announced Thursday morning it intends to raise its starting salaries and bolster worker benefits—and the CEO of the much-criticized company credited President Donald Trump's controversial corporate tax cut for the windfall.
Beginning in February, the retailer's starting workers will earn $11 an hour—a bump from the current starting wage of $9 an hour, CNBC reported. That wage is far above the federal minimum wage of $7.25 per hour, but keeping pace with several states and below the minimum wage in the state of Washington, where the lowest-level workers now get $11.50 per hour.
Walmart employees with 20 years of experience will also pocket a one-time cash bonus of $1,000, dropping in a sliding scale down to $250 for workers with just two years on the job, a spokesman told CNBC.
"Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.," CEO Doug McMillon told CNBC. "We are early in the stages of assessing the opportunities."
http://www.newsweek.com/walmart-giving-raise-benefits-after-tax-bill-778027
Walmart to raise its starting wage to $11, give some employees bonuses following tax bill passage
- Walmart is increasing its starting wage rate for hourly employees in the U.S. to $11, after passage of the tax law.
- The company said it will also expand maternity and parental leave benefits, and provide a one-time cash bonus for eligible employees of as much as $1,000.
- Walmart said it's still looking at other "potential additional investments" that could come after the new tax laws.
Of course Trump got credit from Newsweek, the above CNBC did not credit the orange one.
TRUMP'S TAX BILL PROMPTS WALMART TO RAISE STARTING WAGE, GIVE $1,000 BONUSES TO SOME EMPLOYEES
Walmart announced Thursday morning it intends to raise its starting salaries and bolster worker benefits—and the CEO of the much-criticized company credited President Donald Trump's controversial corporate tax cut for the windfall.
Beginning in February, the retailer's starting workers will earn $11 an hour—a bump from the current starting wage of $9 an hour, CNBC reported. That wage is far above the federal minimum wage of $7.25 per hour, but keeping pace with several states and below the minimum wage in the state of Washington, where the lowest-level workers now get $11.50 per hour.
Walmart employees with 20 years of experience will also pocket a one-time cash bonus of $1,000, dropping in a sliding scale down to $250 for workers with just two years on the job, a spokesman told CNBC.
"Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.," CEO Doug McMillon told CNBC. "We are early in the stages of assessing the opportunities."
http://www.newsweek.com/walmart-giving-raise-benefits-after-tax-bill-778027
