Benchmark
What the Wal-Mart Wage Boost Says About the Labor Market
Employers across industries might be starting to feel the pinch of a tighter market
This article is for subscribers only.
Wal-Mart Stores Inc.'s move to raise wages of more than 1.2 million employees next month could be another sign that pay is finally going to pick up.
As the job market just posted its best two years since 1998-99 and the U.S. economy is inching closer to full employment, economists are projecting more employers will start to feel pressure to boost paychecks.