Walmart said Tuesday it is raising its minimum wage for store employees to $14 an hour, representing a roughly 17% jump for the workers who stock shelves and cater to customers.
Starting in early March, store employees will make between $14 and $19 an hour. They currently earn between $12 and $18 an hour, according to Walmart spokeswoman Anne Hatfield.
With the move, the retailer’s U.S. average hourly wage is expected to be more than $17.50, Walmart U.S. CEO John Furner said in an employeewide memo Tuesday. That’s an increase from an average of $17 an hour.CNBC