H Squared Research's chief research officer Hitha Herzog, LendingTree's chief economist Tendayi Kapfidze and Point View Wealth Management's president and chief investment strategist David Dietze discuss Walmart's economic success, the low unemployment rate and consumer confidence before the holidays hit.
Jan 24 (Reuters) - Walmart Inc is testing out a higher starting wage for certain jobs in about 500 stores as part of an overhaul of roles and responsibilities in the United States, Bloomberg reported on Friday.
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FILE PHOTO: A Walmart employee helps a customer navigate a flyer at the store in Broomfield, Colorado November 28, 2014. REUTERS/Rick Wilking/File Photo
WALMART DEBUTS GYM MEMBERSHIPS FOR '$9 A PAYCHECK'
The company would hike starting hourly wage of some associates in the fresh, front-end and replenishment areas to $12 an hour from $11, the report said, citing Walmart spokeswoman Jami Lamontagne.
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The company did not immediately respond to a Reuters request for comment.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 115.11 | -0.70 | -0.60% |
WALMART IN HOT WATER OVER PAUL WALKER CAR ACCIDENT JOKE
Walmart last raised its entry-level wages for U.S. hourly employees to $11 in early 2018.
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