Walmart To Raise Starting Wage To $11 Due To GOP Tax Law

Man, that GOP/Trump tax cuts for the rich bill just keeps giving the rich more money

Walmart to raise its starting wage to $11, give some employees bonuses following tax bill passage

Walmart’s employees will soon reap the benefits of the recent tax law changes, as the company raises its starting wage and distributes bonuses to eligible workers.

The big-box retailer announced Thursday it will be increasing its starting wage rate for hourly employees in the U.S. to $11, and is expanding maternity and parental leave benefits. Walmart also will pay a one-time cash bonus to eligible employees of as much as $1,000.

Currently, Walmart’s starting wage is $9 until workers complete a training program. Then, they receive $10.

The company is also creating a new benefit that provides financial assistance to its employees who are looking to adopt a child, giving them as much as $5,000 per child to cover expenses such as adoption agency fees, translation fees and legal costs.

Huh.

“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” CEO Doug McMillon said in a statement.

“We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders,” he added. “However, some guiding themes are clear and consistent with how we’ve been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including in technology.”

It’s amazing what can be achieved when the money isn’t going directly into the pockets of Government, eh?

Meanwhile, Waste Management is giving 34,000 employees special bonuses of $2,000 each thanks to the tax bill.