Walmart has recently announced changes to their workers’ salaries. In this case, they are going to be increased. For those who did not know, Walmart is the private employer with the most workers in the United States. The total number of workers reaches a staggering 1.7 million. They have increased the minimum salary so that workers continue working there.
This industry has got low wages, so they are trying to improve workers’ conditions. There are about 94% of the US Walmart workers work part-time. It was during the pandemic when Walmart had to hire more workers. It was due to the increasing demand for food as well as other goods. As people bought in large quantities, they needed more staff to cope with it.
How much do Walmart’s workers get in the USA?
According to Walmart’s president and Chief Executive Officer in the USA, John Furner, the company will increase the minimum to 2 dollars. It will be to those US associates. They will range between 14 dollars to 19 dollars per hour. So, it will vary depending on their location. He hopes that the average wage at Walmart goes up to 17.50 dollars.
This is a very important measure since it will benefit about 340,000 Walmart workers. Therefore, the number of shops affected by this increase will be 3,000 approximately. According to the U.S. Department of Labour, “the minimum Federal wage for covered nonexempt employees is $7.25 per hour.”
What is the current minimum wage for these workers?
This minimum wage ranges between 12 and 14 dollars per hour. Therefore, there has been a 16,7 percent increase. It was in 2021 when Walmart decided to increase their salaries for the last time. It went up from 11 to 12 dollars. It had not changed in three years though, so it was an important update.
This pay raise will help Walmart workers face the current exorbitant prices. In this way, they will be able to have a little more from March 2, 2023, onward. The cheques workers get in March will be more than welcome. In addition, Walmart will be able to catch up with the salaries other rivals offer.
All of this news is always welcome, as Walmart workers can get a check increase that will help them not only pay their bills. The pay raise will also help get a much bigger Social Security check in the future.