Walmart, Target  & Amazon to Hike wages

Walmart, Target  & Amazon to Hike wages

Walmart said its minimum starting wage for workers will remain at $11 an hour.

Walmart announced that it will give 425,000 employees a raise, a move that will increase its average pay to above $15 an hour.

The discounter is the largest private employer with a U.S. workforce of 1.5 million people.

Its minimum starting wage will remain $11 an hour.

Starting March 13, the company said it will pay store workers who stock shelves or support its e-commerce business $13 to $19 an hour, depending on their role and store location.

The big-box retailer announced the wage hikes for some of its workforce as it reported holiday-quarter earnings that fell short of Wall Street’s expectations and cautioned that it expects its sales growth to moderate this year.

Some of Walmart’s rivals, including Amazon and Target, have raised employees’ minimum wage to $15 an hour.

Target raised its starting wage to $15 last summer.

It had previously planned to reach that milestone by the end of 2020, but accelerated its timetable during the pandemic.

Companies have been under pressure to pay employees more as the Biden administration pushes for increased pay and half of U.S. states raise their minimum wages this year.

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