Walmart announced Thursday that it will be raising the hourly wages for more than 565,000 of its store workers by at least $1 amid fierce competition from among companies for skilled workers during the COVID-19 pandemic.
The world’s largest retailer said in a memo to staff that the move marks the third investment the company has made in salaries in the past year. Walmart’s U.S. average hourly wage currently stands at $16.40 with the latest wage increase.
