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Wal-Mart Stores, Inc.
Wal-Mart pay hike may put pressure on other low-paying industries
Wal-Mart pay hike may put pressure on other low-paying industries

Wal-Mart's advertising slogan is "Save money, live better," but for years the world's largest retailer has been criticized for not paying its workers enough to do that. Now, facing rising minimum wages in California and other states, competition for employees and a poor corporate image, Wal-Mart Stores Inc. said Thursday it would raise the minimum pay to $9 an hour for nearly 40% of its U.S. workforce. The action is a major milestone in the growing movement to lift the pay of the nation's lowest-paid workers as the gap between rich and poor has widened. It's also a nod to a strengthening economic recovery in which the labor market has expanded by more than...

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