(February 19, 2015 at 12:04 pm)Minimalist Wrote: So Walmart takes a small (emphasis on the 'small') step in the right direction...
http://www.bbc.com/news/business-31540472
Quote:Walmart said that it would raise salaries for 40% of its staff to at least $9 per hour - $1.75 above the US minimum wage.
That hourly floor would be raised to at least $10 per hour by 1 February 2016.
[Wheee...don't spend it all in one place guys!]
and those motherfucking capitalist pigs on Wall Street react with predictable horror.
Quote:Shares in Walmart fell 2.8% in early trading on news of the employee programme.
So much for Wall Street investors being steely-eyed realists. It didn't occur to these nimrods that a pay increase (however humble it may be) might actually make Walmart a stronger company by helping it to retain current workers and cut down on wasteful spending to train new employees? You don't need an M.B.A. or a degree in finance to connect those dots.