Walmart Pay Hike Brings Average Hourly Wage to $16.40
Photographer: Patrick T. Fallon/Bloomberg
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Walmart Inc. said it will raise wages for a swath of its U.S. workforce, bringing its average hourly wage to $16.40 as the big-box retailer competes for employees amid a labor shortage.
The raise of at least $1 per hour will start on Sept. 25 and cover more than 565,000 workers, Walmart U.S. Chief Executive Officer John Furner said in a message to employees. Furner said it’s the third pay rise for store workers over the past year.