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Walmart Boosts Minimum Wage to $11, Gives Out Bonuses to Employees

Walmart Boosts Minimum Wage to $11, Gives Out Bonuses to Employees Walmart gave credit to President Trump's tax cut for enabling the move. Doug McMillan, Walmart CEO Doug McMillan, Walmart CEO The big-box store chain hit the jackpot, with the corporate tax cut coming all the way down to 21 percent from 35 percent. Walmart will also pay a one-time cash bonus to eligible employees of as much as $1,000. Bonuses will be determined by the length of an employee's tenure with the store. The wage increase will go into effect as soon as February and add about $300 million in costs to what Walmart was already planning for the upcoming fiscal year.

Source: Inform News

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