Wal Mart increases starting wage

[The Grand Nudger]

Walmart just got a 2.2b dollar a year tax cut.  They're competing with Target for employees and at the same time big box retail is getting chunked by Amazon.  They announced that they would be shuttering 63 of their stores, where 11k people currently find their employment.  They'll spend 400m on a "bonus" campaign for the remaining employees based on tenure that can be described as nothing more or less than a recruiting tool.  Those that will see bonuses will see the equivalent of a 10$ weekly increase, on average.  That's a 2% increase in the average yearly salary at Walmart accounting for proposed wage increases, which will be effected for those under the new floor but will do nothing for those already above it.  The tax cut will also help to pay for a 22% increase in wages for walmart's ceo...not counting his -actual- bonuses.  The remaining 1.8 billion will be payed out to shareholders.  

All of the above is happening within the overall context of walmarts next level welfare queenism. Where they dip into the jar to buy their product, stuff their suppliers with any loss, dip into the jar again to supplement their poverty wages (which will still be poverty wages after the increase), then dip into the jar -again- with their employees on welfare spending their welfare dollars....and again..when the employees spend their walmart dollars at walmart. All the while the tax cut being paid for by we the people.

Trickle down economics at work.