Walmart, Once a Byword for Low Pay, Becomes a Case Study in How to Treat Workers
- sciart0
- 5 days ago
- 1 min read
Quick Summary
Walmart’s 2015 decision to raise its starting wage to $9 an hour, impacting nearly half of its one million U.S. hourly workers, initially caused a 10% stock drop.
Since 2015, Walmart’s U.S. sales have grown annually, with global sales reaching $681 billion last year, and its shares have more than doubled in five years.
Average hourly pay for U.S. Walmart workers increased from about $12 in 2015 to over $18.25 as of July, improving staff retention by over 10%.