Walmart increases minimum wage to $14 per hour

Marcus Amudipe
Marcus Amudipe

 

By Christian George

While firms globally are stylishly slashing down its workforce, Walmart has concluded plans to increase its hourly workers wage in the U.S to $14.

This was made known today by the company in an email that the new wage will reflect in the paycheque on March 2, 2023.

Report has it that the wage will rise by as much as $2 for staff at its U.S. stores to a range of $14-$19 per hour and that roughly 340,000 workers at about 3000 stores would be eligible.

Walmart has about 1.6 million U.S workers and a good number of them work in rural and semi-urban areas.

Walmart’s new wage hikes lift its average hourly wage pay to $17.50 from the current $17 an hour and will reflect in March 2 paychecks, the company said.

Prior to its wage hike, its rivals in the likes of Amazon, Costco and Target had increased its staff hourly wage to 15% since last year.

Walmart had, six months earlier, increased its pharmacy staff salary to $20 per hour, stressing that it would offer more frequent and automatic pay raises as part of a new “progressive wage model” to fight labor shortages. Its truck drivers and distribution centre workers also enjoyed pay rise.

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