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Doug McMillon Walmart

Raising wage floor

19 Feb, 2015

Walmart announces it will give raises to an estimated 500,000 employees in an effort to raise its wage floor to $10 per hour. CEO McMillon:

Overall, these are strategic investments in our people to reignite the sense of ownership they have in our stores. As a result, we firmly believe that our customers will benefit from a better store experience, which can drive higher sales and returns for our shareholders over time.