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Walmart raises minimum US wage

Retailers Target, Staples and fast-food chains will be under pressure to follow, analysts say

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Published Fri, Feb 20, 2015 · 09:50 PM

    London

    Walmart Stores Inc's wage hike will likely trigger a rethink on pay across the retail and fast-food sectors, with Target Corp one of the low-wage employers facing pressure to follow suit and pay workers more.

    Walmart announced on Thursday that it would lift its minimum US wage to US$9 an hour this year and US$10 in 2016, raising the ante in a tightening labour market where low-skilled workers easily move between retailers and fast-food chains.

    Walmart

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