Wal-Mart employs tons of Pharmacy Techs in the U.S. and recently announced pay increases for all entry level associates in April '15 to at least $9.00/hr. And then $10.00/hr by Feb '16. In some states, this is roughly a 25% increase for entry-level Walmart workers earning only the state or federal minimum wage.
In a recent WSJ article, a Wal-Mart spokesperson said that these increases will also benefit established associates. And, that after these raises, the average (non supervisory) Wal-Mart employee hourly wages will average between $13-14/hour, and $15+ for supervisory type hourly positions.
Later in the article, it (of course) talks about the lament this decision is bringing to WalMart stockholders. But, the way I see it is that the hefty gains these shareholders have been enjoying were at the expense of underpaid Wal Mart employees. WIth that said - Kudos to Wal Mart
Will there be a positive ripple effect?
Do you think this will help convince other national retail companies (i.e. - CVS, Walgreen's, Rite-aid, etc.) to also roll out a more fair hourly compensation plan? Personally, I think they'll have to. Employees feeling justly paid converts to a better overall customer experience. That seems like a better long term investment than shareholders catching a few cent higher dividends.
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