The CEO of Walmart recently announced that the company will raise its starting wage to a minimum of $9 per hour. The move was reportedly made as a way for the company to hold on to workers longer.
Former Labor Secretary Robert Reich believes Walmart raised their starting wage simply because they were lobbied to do so:
Walmart didn't hike wages because of tight labor market (many low-end workers still jobless) but because its workers and public demanded it.
— Robert Reich (@RBReich) February 20, 2015
Or maybe it was a business decision:
@RBReich or maybe just maybe Walmart did it because management thought it was a good idea ? Biased #uspoli
— IDEA Factory (@Phraxis_IDEA) February 20, 2015
@RBReich no they were losing their employees to rivals who were paying more. Nothing noble about this action.
— Rick Rubin (@rubido7777) February 20, 2015
@RBReich pic.twitter.com/HqTF6kLAyg
— Jim (@p368241) February 20, 2015
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Related:
‘Panderific’: Robert Reich drafts ‘American social contract;’ Americans not having it
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