Walmart Is Raising Its Minimum Wage to $11 an Hour and Giving Employees a $1,000 Bonus


(THIS ARTICLE IS COURTESY OF TIME NEWS)

(IN THIS BLOG I HAVE KNOCKED THE WALTON FAMILY MANY TIMES BECAUSE OF THEIR CHINA POLICIES AND FOR HOW THEY TREAT THEIR EMPLOYEES SO IN THE VENUE OF HONESTY AND FAIRNESS I NOW APPLAUD THEM FOR THESE MOVES. THERE IS ONE THING I WOULD LIKE YOU TO NOTICE TODAY THOUGH, WATCH WALMART STOCK PRICES GO DOWN TODAY, THIS HAPPENS EVERY TIME A COMPANY GIVES RAISES OR BENEFITS TO THEIR WORKERS, IT IS A SICK REALITY.)

A customer pushes a shopping cart at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Thursday, Nov. 16, 2017. Black Friday, the day after Thanksgiving, marks the traditional start to the U.S. holiday shopping season. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
A customer pushes a shopping cart at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Thursday, Nov. 16, 2017. Black Friday, the day after Thanksgiving, marks the traditional start to the U.S. holiday shopping season. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
Bloomberg—Bloomberg via Getty Images

By ASSOCIATED PRESS

8:34 AM EST

Walmart is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time $1,000 cash bonus to eligible employees and expanding its maternity and parental leave benefits.

The retailer said Thursday changes that to its compensation and benefits policy will impact more than a million hourly workers in the U.S., with the wage increase effective next month.

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The company is also creating a new benefit to assist employees with adoption expenses.

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