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Barry Ritholtz: Wal-Mart's Minimum Wage Breakdown
Last week, we learned that Wal-Mart was giving the lowest paid of its hourly employees a raise. In a blog post, Wal-Mart Chief Executive Officer Doug McMillon said that as of April, the company will pay a minimum of $9 an hour. That is $1.75 more than the federal minimum wage of $7.25, which has been unchanged for almost six years. Next
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Posted: February 23, 2015 Monday 11:13 AM