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In this case, thereâs good reason to think that Walmart needed to raise wages anyway: Labor markets are tight, and in a number of areas, the company is now contending with locally imposed minimum wages that are already forcing Walmart to raise wages to $11 an hour, or even higher.
This is the latest wage increase announced by the worldâs largest retailer, which sees annual sales of more than $470 billion. Walmart said in February that it would bump its starting salary for workers to $9 an hour in April, and to $10 sometime next year.That move affected 500,000 of the companyâs 1.3 million U.S. employees.his is the latest wage increase announced by the worldâs largest retailer, which sees annual sales of more than $470 billion. Walmart said in February that it would bump its starting salary for workers to $9 an hour in April, and to $10 sometime next year.