Walmart CEO Announces Boost to Workers' Wages

WalmartRaiseMinWage.jpg

In a recent interview on "CBS This Morning," Walmart's CEO Doug McMillon confirmed his plan to do away with minimum wage in the new year. McMillon, who is the youngest CEO of Walmart, set a deadline of early in 2015 to increase the retail giant's employees' wages.

While Walmart carries the stigma of being a "low-wage, dead-end employer," the reality of his business model is run much different. 

McMillon announced that his plan, which was initially revealed this past October, will put Walmart's employees, who are making minimum wage, far above the federal minimum of $7.25 an hour.

“We’re going to make some changes in a few months that will create a situation where no Walmart associate in the United States makes federal minimum wage,” McMillion said during his interview with CBS.

Walmart faced much criticism in recent years as many demonstrators continue to protested and strike for higher wages and better working conditions throughout the country.

A Walmart spokesperson said the plan is something the company is actively working on and therefore, specifics are yet to be determined. The announcement comes during the high season for the retail giant.

"We can't run a good business if we didn't take care of people," McMillon said.


Showing 2 reactions

Please check your e-mail for a link to activate your account.
  • In order to make these changes efficient, Walmart must hold their employees to exemplify a higher standard, if they are going to earn a higher hourly wage. Yes, many Walmart worker are great workers with excellent customer service skills, but, there are TOO MANY who are dumber than a bag of doorknobs, or, just hate the customers.
  • Not the least impressed, unless it’s $25 an hour.

Leaderboard

1
+363sc earned social capital
2
+139sc earned social capital
3
+136sc earned social capital
4
+114sc earned social capital
5
+112sc earned social capital
6
+109sc earned social capital
7
+98sc earned social capital
8
+94sc earned social capital
9
+90sc earned social capital
10
+88sc earned social capital
11
+84sc earned social capital
12
+82sc earned social capital
13
+80sc earned social capital
14
+79sc earned social capital
15
+78sc earned social capital
16
+73sc earned social capital
17
+72sc earned social capital
18
+72sc earned social capital
19
+72sc earned social capital
20
+72sc earned social capital