Walmart said U.S. workers will get pay raises next month, increasing starting wages to between $14 and $19 an hour.
Walmart, America's largest private employer, said Tuesday that it will raise its minimum wage from $12 to $14 an hour as it tries to retain store and warehouse workers in a tight labor market for lower-wage industries.
In many areas of the country, particularly southern states that have not adopted higher wage laws, Walmart's starting wage often serves as the local minimum wage. The company's move is likely to have a ripple effect across the service industry. Walmart's wage hike reflects pressure on chains to raise pay in a battle for labor. Walmart is trying to keep pace with rivals as well as cities and states that have been raising their minimum wages. The federal minimum wage has been $7.25 an hour since 2009. Washington State has the highest minimum wage in the country at $15.74.
The number of job openings stood at 10.5 million in November, according to the latest Labor Department reading, very high by historical standards and far more than the 6 million unemployed people looking for a job that month. There were more than 1 million job openings in the retail sector.
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