Walmart CEO calls on Congress to raise the federal minimum wage: '$7.25 is too low' via YahooFinance
Walmart CEO Doug McMillon called on Congress to raise the federal minimum wage at the retailer’s annual shareholders meeting.
McMillon noted that the company has raised its starting wages by 50% in the last four years to an hourly rate of $11, and expanded a range of benefits for its employees. During his 3-minute remarks, Sanders criticized Walmart’s CEO compensation and the company’s stock buybacks, which he said benefits the wealthiest.
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