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Walmart has lifted its average hourly pay rate for workers

Walmart has lifted its average hourly pay rate for workers

Wallmart says its to make its rates of pay more attractive.

  • starting wage is now US$14 an hour from $12
  • average wage will be over US$17.50 an hour
  • new average is up around 2.9%

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The Federal Reserve is keen to avoid a wage-price spiral for inflation. At the margin wage hikes make further Federal Reserve rate hikes more likely.

Still, some good news for now for workers. Inflation will eat it away soon enough ... well, it already has.

... Read More
Posted: Feb 14 2023, 23:38
Author Name: forexlive
Views: 082211

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