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Can't believe nobody posted this yet, but the nations biggest private employer, Walmart, is increasing the minimum wages for it's employees to at least $1.75 above the federal minimum wage. That's going forward, as well. That means at least $9/h and soon to be $10/hr.
I like to see retailers raising wages on their own like this. It quells some of the demands from more statist minded people to make laws to force employers to pay wages that they might not be able to afford. Hopefully American shoppers will reward companies that do this by giving them more business, which would motivate other retailers in to following suit.
Now well see how many they let go to justify the increase. I love when people assume these companies will increase wages and just eat the difference. It has to come from somewhere....
Raising the wages would help reduce staff turnover and bring in better quality employees. From my days working in retail turnover was often so high that we were almost always understaffed.
Raising the wages would help reduce staff turnover and bring in better quality employees. From my days working in retail turnover was often so high that we were almost always understaffed.
Great to see Walmart leading the way!
I think this is part of the problem Walmart is having. Both turnover and showing up for shifts. You can staff the store perfectly for the predicted volume, but when 10% of the employees call in you are all the sudden very understaffed. Hopefully increased wages will help mitigate the # of people willing to call in and forego the income that comes from their shift.
This is a start but by no means relieves Wal-Mart of any of the stigma of the exploitative nature of its compensation plan. They say they're doing it to reduce the negative impact on customer service from the abominable way they pay their people now, and that's probably true. But it won't turn Wal-Mart workers into high quality customer service workers any more than it would address the inherent economic injustice of working for less than a living wage.
That's great. Maybe they'll be able to replace the cashiers who hate customers.
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