Walmart minimum wage to start at $14/hr, still below Costco, Target

Robert Besser
28 Jan 2023, 14:30 GMT+10

To attract and retain employees in a tight domestic labor market, Walmart has announced that it it will raise the average hourly wages for US store workers beginning in February
It added that it will raise its average hourly wage to $17.50 per hour from the current $17
The minimum wage it offers to staff at US stores will increase to a range of $14 to $19 per hour, depending on the location

BENTONVILLE, Arkansas: To attract and retain employees in a tight domestic labor market, Walmart has announced that it it will raise the average hourly wages for US store workers beginning in February.

It added that it will raise its average hourly wage to $17.50 per hour from the current $17, which will be reflected in paychecks on 2nd March, while the minimum wage it offers to staff at US stores will increase to a range of $14 to $19 per hour, depending on the location.

Some 340,000 workers at about 3,000 stores will be eligible for the increased wages, the company said in an email.

The retail giant employs 1.6 million workers in the US, mostly in rural and semi-urban areas.

However, its staff wages remain below rivals, such as Amazon, Costco and Target, which have been offering minimum wages of at least $15 an hour since 2021.

The US labor market has remained tight, with the unemployment rate falling to a five-decade low at 3.5 percent in December, and the number of available positions have outpaced the number of unemployed.

Therefore, the US Federal Reserve Bank could further raise interest rates, placing additional pressure on minimum wage earners and household budgets.

In a statement this week, Walmart said that the wage increases are a combination of regular annual increases and targeted investments in starting rates.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Brazil Sun.

More Information

23 ℃

Mostly Cloudy in Brasilia

South America

Section

Italy approves extradition of Russian governor's son to US

Artem Uss was arrested at Washington's request for allegedly evading sanctionsA court in Italy approved the extradition of Artem Uss, ...

Rome approves extradition of Russian governor's son to US

Artem Uss was arrested in Italy at the request of Washington for allegedly evading sanctionsA court in Italy approved the ...

IBA Women's World Boxing C'ships: Jaismine, Nikhat, Nitu, Manisha advance to quarterfinals

New Delhi [India], March 21 (ANI): Indian boxers Nikhat Zareen, Nitu Ghanghas, Manisha Moun and Jaismine extended their dazzling show ...

IBA Women's World Boxing C'ships: Nikhat, Nitu, Manisha advance to quarterfinals

New Delhi [India], March 21 (ANI): Indian boxers Nikhat Zareen, Nitu Ghanghas and Manisha Moun extended their dazzling show at ...

Five Ecuador TV Stations Receive Letter Bombs, one Explodes

Quito, Ecuador - Letter bombs were sent to at least five journalists working in TV and radio stations in violence-plagued ...

Under PM Modi's leadership, G20 has been democratised, says Dy CM Devendra Fadnavis

Mumbai (Maharashtra) [India], March 21 (ANI): Deputy Chief Minister of Maharashtra, Devendra Fadnavis on Monday said that under PM Modi's ...

Business

Section