Retail giant, Walmart just boosted pay to $15. It’s not what you think cnn.com

Photo: David Swanson/Bloomberg via Getty Images

America’s largest private employer, Walmart on Thursday announced pay bumps that will bring its average hourly wage to over $15 an hour for its US workers. But the move still falls short of the $15 minimum wage announced by some of its largest competitors.

The retail giant said it will raise wages for 425,000 US workers — more than a fourth of its workforce — to at least $13 an hour.

Starting March 13, hourly workers stocking shelves and fulfilling customers’ home delivery and curbside pickup orders in stores will receive a starting rate of $13 to $19 an hour, based on the store’s location and market, Walmart (WMT) said. Last year, the company raised wages for 165,000 store workers in management roles to a starting rate of $18 an hour.

Overall, approximately half of Walmart employees— around 730,000—will earn at least $15 an hour.
“These are investments in people that are important to our future because they provide a great pickup, delivery and in-store experience for our customers,” Walmart chief executive Doug McMillon said during a presentation to Wall Street analysts.

Walmart will still maintain its $11 minimum wage, putting it behind some other big chains.

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