RSSWalmart Announces Bonuses to One Million Employees in Wake of Trump Tax Cut & Raise Starting Hourly Wage
MAKING AMERICA GREAT AGAIN …
In the wake of the President Donald Trump tax cuts, WALMART has announced that it will give one million employees a bonus and raise their starting hourly wage to $11. Trump has started the ball rolling and the businesses as predicted are following.
Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.
The increase takes effect next month and will cost $300 million on top of wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” Chief Executive Officer Doug McMillon said in the statement.
Posted January 11, 2018 by Scared Monkeys Business, Donald Trump, Economy, Making America Great Again, Minimum Wage, Taxes, WALMART | 2 comments |
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2 Responses to “Walmart Announces Bonuses to One Million Employees in Wake of Trump Tax Cut & Raise Starting Hourly Wage”
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And yet the next day, they did this: https://www.yahoo.com/finance/news/walmart-abruptly-closing-sam-apos-064451519.html
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SM: Yes they did. Guess what this is called Elmer? Business! If you ever owned one, you would know.
COSTCO is the #1 in this type of business, not SAMS.
In this incredible economy guess who also is closing stores? SEARS & MACY’s.
Its incredible you just cant stand prosperity. But i am sure if Obama had this type of success, you would be praising it.
R
What in the world is wrong with you, Red? Nobody can post any kind of even semi-dissenting opinion here without you going off on a rant about Obama, and throwing in some personal insults. I’ve never seen anybody so disinterested in an open discussion.
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SM: Either say something or don’t. You don’t get to criticize the comments that address your wrong thinking. Sorry. You have no right to squelch my freedom of speech, especially here. So either make you point or go on. You can have open discussion, much unlike what cant be done in the MSM, liberal websites and on college campuses.
This is the comment that you are whining about that is so hateful, seriously? Get a spine dude. The truth is that Sam’s Club has been under-performing for years and this was in the pipeline for quite a while. How many other companies are giving bonuses because og the tax reform: AT&T, American Airlines, Bank of America, Comcast, Fiat-Chryster, Fith Third bank, Southwest, Wells Fargo and the list goes on and on.
Please don’t insult people by stating that the current economy is because of Obama. You have to be a delusional Trump hater to believe that. If Obama’s economy was so good, Hillary would have been elected to follow the same pattern as Obama. Thank God America did not do that. And I dont want to hear she won the popular vote. If not for the liberal bastions of CA and NY, she would have lost that badly too. Thus the reason why we have an electoral college.
I am sorry if you think facts are some how an insult. I guess you have to on the LEFT because the truth is a terrible thing.
2,000,000 workers have received bonuses.
company 401K’s have been increases in matching.
black unemployment at an all-time low
Hispanic unemployment at an all time low
Dow Jones at 25K, soon to be 26K
Food stamp recipients down 2M under Trump
Trump regulatory rollback
GOP-Trump tax cuts … 80% of Americans will see withholding reduction in their paychecks
R