Retail

Walmart to hike wages for 425,000 workers to average above $15 an hour

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A worker is seen wearing a mask while organizing merchandise at a Walmart store, in North Brunswick, New Jersey, July 20, 2020.

Eduardo Munoz | Reuters

Walmart announced Thursday 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 country’s 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.

In an interview with CNBC’s Courtney Reagan on “Squawk Alley,” Walmart CEO Doug…



Source cnbc.com

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