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NEW YORK — Walmart said U.S. workers will get pay raises next month, increasing starting wages to between $14 and $19 an hour.
Company President CEO John Furner told employees in a memo Tuesday that the pay raises will be reflected in their March 2 paychecks and will come through a combination of targeted and regular annual pay increases.
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Workers at 3,000 stores will get raises, increasing average pay to $17.50 an hour from $17. Starting wages currently range between $12 and $18 an hour, depending on location.
The newest pay raises bring Walmart, the country’s largest retailer and biggest private employer, closer to many of its competitors, including Target and Amazon, that have raised their minimum wage to $15 an hour.
