Walmart is raising wages and giving bonuses, citing tax cuts

[Calista241]

Source: Axios

Walmart is boosting starting wages, providing a one-time bonus for employees and expanding benefits, the company said in a press release on Thursday, citing the tax cuts signed into law by President Trump last year. The plan benefits more than a million employees, the company told Axios.

Details: The bonus is based on length of service, with those who've worked 20 years eligible for $1,000. The company, which is the largest private employer in the U.S. and employs roughly 2.2 million people worldwide, is also raising its starting wage to $11 an hour. The current starting wage for store associates is $9 an hour. The company also said it plans to expand its maternity and paternity leave benefits.



Read more: https://www.axios.com/walmart-boosting-1515675530-f1641dc4-c92c-4002-ab00-b2e8cf35d540.html?source=sidebar

[mercuryblues]

1. IOW Costco and Target

are crushing them

[Bengus81]

2. Nah....more like Wake Up WalMart and other organizations.......

Who have been on WalMart's case for more than a decade. If true this is really good news for those workers--IF true.

[malthaussen]

3. So, next week they'll lay off thousands...

... if they follow the emerging pattern.

-- Mal

[hatrack]

4. Ooh, a bonus of $50/year for sticking with them for 20 years . . .

Overwhelming generosity.

[fleur-de-lisa]

6. 2 and 1/2 cents an hour!

How generous of them!

And next week Wally World will announce layoffs, if history is any indication.

[Maxheader]

5. go blow wall mart

"The bonus is based on length of service, with those who've worked 20 years eligible for $1,000."

emptied your coffee change cans, did we?

oh i suppose, better than nothing..

[HopeAgain]

7. How many lower wage employees have put 20 years in at Wallmart?

I suspect it is not a big number.

[louis-t]

15. My first thought also.

No more than a handful of people are eligible.

[Freethinker65]

8. And once SNAP and other benefits get cut, those employees will need that money to spend

To spend back at Walmart.

Walmart could have, and should have, done this years ago. Tax cuts had little to do with it. Retaining better employees and decreasing turnover rates makes good business sense.

[cstanleytech]

12. Not if you have built your company partly around depending on SNAP to let you get away

with paying low wages in order to raise your profit margin which is one of the reasons why Wal-Mart has kept wages low not to mention lower payroll cost equal bigger bonus for the managers.

[Freethinker65]

13. Exactly

[yallerdawg]

9. I started off with a crew of 20 unloading trucks at a Walmart.

Within 6 months, I looked up one day and realized there was 2 of us left and a blind man out of the Shoe Department (putting freight on the rollers extending into the truck) - managers telling us they were getting floor help as they became available, "Keep working - faster!"

That day, I did have one more "Fuck you" left.

This was also around the time a Walmart executive memo was revealed reminding all store managers that after just a couple years, wage increases made "long-term employees" less profitable than utilizing new, fresh employees.

There is a set budget for labor costs vs. profits, and no matter what else happens, that profit comes first. All the rest is BS.

[stonecutter357]

10. #fakenews.

[cstanleytech]

11. Uh huh, I bet they cut hours not to mention down the road they fire a number of store employees and

or close more poor performing super centers.

[louis-t]

14. 20 years just to get a $1,000 bonus?

I'll wait to see if they actually do what they promise.

[bluestarone]

20. maybe just enough raise to

not qualify for Reduced meds or other medical help someone was getting before the bonus?

[workinclasszero]

16. Anyone here ever tried to live on 11 dollars an hour?

Gee thanks soooooooooooo much Walton family!

Walton family

As of December 2014, the Waltons collectively own 50.8 percent of the company,[6] and are worth a combined total of about US $170 billion.

https://en.wikipedia.org/wiki/Walton_family

They keep eliminating jobs with self checkout lanes too, hmm.

[hatrack]

21. But! . . . but! . . .but! . . Art Museum!

.

[workinclasszero]

22. Right

We just don't deserve the good things the 1% gives to us, ya know?

Thanks for the crumbs from your feast assholes!

Dictator Dump gives Walmart millions and millions in a tax break they didn't need in the first place and the magnificent rulers of Walmart give their wage slaves a whole 2 dollar raise!

Huzzah fucking Walmart! 1% millions, 99% 2 bucks and now the republicans go after medicaid/medicare/social security etc.

[sinkingfeeling]

17. Aren't they just wonderful?🤣

[Downtown Hound]

18. Like Mall Wart didn't have enough money to do this before. n/t

[harun]

19. Wow, is that depressing. Trump will tout this while campaigning next time around.

They get billions in tax cuts and billions from food stamps program and they give 20 year employees 1k?

[elmac]

23. and when workers lose their medicaid

to pay for the tax breaks I wonder if walfart or tRump will brag about that?

[Javaman]

24. and then there is this: Sam's Club stores close around the country

https://www.democraticunderground.com/10141958818

so are they able to give those "raises and bonuses" because they kicked other employees out of jobs?

sounds like over growth and really shitty management.