Today, Walmart announced it would give raises to 500,000 employees—or about 40 percent of workers.
The retail giant will increase entry-level wages to at least $9 an hour starting this April, and to at least $10 an hour by next February.
The new pay levels are in line with President Obama’s call to raise the federal minimum wage to $10.10/hr, and come after recent protests against the world’s largest retailer demanding wage increases.
But those wages still amount to about $20,000 a year for a full-time worker, equivalent to the federal poverty line for a family of three.
“The changes in company policy announced by Walmart are inadequate for the hundreds of thousands of employees who struggle to support themselves and their families,” said Christine L. Owens, director of the National Employment Law Project. “When compared to the $16 billion in profit that the company rakes in annually, Walmart’s promise of $10 an…
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