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Walmart is boosting minimum pay across all of its stores and handing out bonuses. The CEO says that it's thanks to tax reform:
Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.
The increase takes effect next month and will cost $300 million on top of wage hikes that were already planned, the world's largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
"Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.," Chief Executive Officer Doug McMillon said in the statement.
The move comes three years after Wal-Mart last announced it was raising wages, spending $1 billion in 2015 to lift starting hourly pay to $9 and then to $10 for most workers the following year. The increase cut into profit and was criticized by some longer-tenured employees as unfair to them. Since then, many states have enacted minimum wage laws, meaning that a "sizable group" of its 4,700 U.S. stores already pay $11 an hour, according to spokesman Kory Lundberg.
Walmart is expanding a "Scan & Go" program from 50 to 150 stores. "Scan & Go" would allow customers to use a smartphone app to scan items and then walk out of the store with them. Kroger is experimenting with a similar "Scan, Bag, Go" program. These are seen as a response to Amazon, which has been trialing delivery of fresh foods and same-day deliveries. Amazon revealed an "Amazon Go" concept brick-and-mortar store in 2016, with no cashiers in sight.
Maybe Walmart's big plan is to give better pay to a dwindling amount of employees.
CEO letter to employees. Also at CNBC and USA Today.
Related: Walmart Wants to Deliver Groceries Directly Into Your Fridge
Walmart to Deploy Shelf-Scanning Robots at 50 Stores
Walmart is Raising Prices Online to Increase in-Store Traffic
(Score: 2) by JoeMerchant on Saturday January 13 2018, @05:15PM (4 children)
Wow! Three hots and a cot in a warm, dry room? Sounds like a great deal, if you happen to get caught. And who pays for the guards, and the chase, and the trial, and the incarceration? That sounds like a lot of expense to me, just to reward thieves with a comfy place to live after they get caught.
🌻🌻 [google.com]
(Score: 1, Flamebait) by Azuma Hazuki on Monday January 15 2018, @03:27AM (3 children)
When people show you who they are, believe them the first time, okay? Uzzard is not worth your debate time or your bandwidth. He's not here for honest debate. You've seen this. He's PROUD of that sociopathic horseshit he spent half a dozen posts spewing.
I am "that girl" your mother warned you about...
(Score: 2, Flamebait) by JoeMerchant on Monday January 15 2018, @03:57AM (2 children)
Khallow at least tries to have some internal consistency and supportable logic for his bent view of the universe. I don't usually tangle with Uzzard, but he's much easier to push into an irrational corner, it's nice to see that his surface BS comments are backed up by deeper, even less supportable BS. And, besides, I was bored.
🌻🌻 [google.com]
(Score: 2, Informative) by Azuma Hazuki on Monday January 15 2018, @06:28AM (1 child)
Gods, we have some complete pieces of shit on this forum, don't we? All I hope for is every single one of the ones like Uzzard ends up sick and homeless through no fault of their own and has their "come to Jesus" moment. Whether they survive it or not. Nothing teaches people like them except personal suffering.
I am "that girl" your mother warned you about...
(Score: 2) by JoeMerchant on Monday January 15 2018, @01:48PM
I have some older relatives who would "never take charity from anyone," but... that didn't stop them from taking their $1000 per month social security checks from a system they never paid into (because they were self-employed and not forced to...) Still, they didn't sign up for SNAP, which they could have been eligible for, because that would have been a government handout.
🌻🌻 [google.com]