The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on January 11, 2018, 02:57:10 pm
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Walmart to raise wages and give bonuses, citing GOP tax cuts
by Caitlin Yilek | Jan 11, 2018, 8:38 AM
Walmart announced Thursday it plans to raise starting wages and give a one-time bonus to employees, citing the tax reform bill passed by Republicans and signed into law by President Trump last month.
The starting wage rate will be bumped to $11 an hour and eligible employees will receive a cash bonus of up to $1,000, the retail giant said.
The increase in wages will take effect Feb. 17. The bonuses are based on length of service, with employees of at least 20 years qualifying for $1,000.
more
http://www.washingtonexaminer.com/walmart-to-raise-wages-and-give-bonuses-citing-gop-tax-cuts/article/2645608 (http://www.washingtonexaminer.com/walmart-to-raise-wages-and-give-bonuses-citing-gop-tax-cuts/article/2645608)
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And in another thread here, Walmart is replacing cashiers with self-serve checkouts.
All these companies offering raises and bonuses and claiming it's the new tax law --- don't necessarily believe it.