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In this case, thereâs good reason to think that Walmart needed to raise wages anyway: Labor markets are tight, and in a number of areas, the company is now contending with locally imposed minimum wages that are already forcing Walmart to raise wages to $11 an hour, or even higher.
Walmart is raising its minimum wage and handing out tax cut bonuses because of the new Republican tax law. The retail company said the wage hike to $11 an hour would roll out in February. Employees are also getting a one-time bonus of up to $1,000. Walmart previously raised its minimum pay for most employees to $10 an hour in 2015. As of December, the average pay for full-time workers was $13 an hour. Today, we are building on investments we've been making in associates, in their wages and skills development, Walmart president and CEO Doug McMillon said in a news release.