Earlier this year, Walmart made a decision to increase the salaries of its employees in the United States in order to attract and retain talent in an increasingly competitive labor market. The hourly minimum wage was raised from $12 to $14, a move that reflects the growing pressure on large corporations to increase their employees’ wages.

As one of the largest employers in the country, Walmart employs 1.7 million workers in the US alone, with 94 percent of them being paid on an hourly basis. The pay increase was announced by the head of Walmart in the US, John Furner, who stated that the company would be investing in higher wages for its associates starting in March 2023.

The increase in minimum hourly wage raised the average wage of Walmart employees to more than $17.50 an hour, but some argue that this is still not enough. Author Rick Wartzman believes that the country’s minimum wage should ideally be raised to $20 an hour, which is nearly three times what it currently is.

Despite differing opinions on the matter, it is clear that Walmart’s decision to increase its employees’ wages has been positively received. As the company continues to navigate a challenging labor market, it is important for them to prioritize the well-being of their employees in order to maintain their success as a business.