Walmart CEO Calls Congress to Increase Federal Minimum Wage

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Walmart (WMT) President and CEO Doug McMillon has called on Congress to raise the federal minimum wage at the retailer's annual meeting of shareholders. Data-reactid = "15"> Walmart Chief Executive Officer (WMT) Doug McMillon has called on Congress to increase the federal minimum wage of the retailer's annual shareholders meeting.

"Our actions and those of other companies clearly show that the federal minimum wage is lagging behind. $ 7.25 is too low, "said McMillon at the company's official meeting at Walmart Shareholders and Share Week in northwestern Arkansas.

He continued, "It is time for the Congress to put in place a thoughtful plan to raise the minimum wage. Any plan should take into account phase differences and cost of living to avoid unexpected consequences. "

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "McMillon indicated that the company had increased its starting salary of 50% in the last four years to a hourly rate of $ 11, Data-reactid = "38"> According to Mr. McMillon, the company has increased its starting salary by 50% over the past four years to reach an hourly rate of $ 11, and expanded benefits for its employees.

"Those of you who follow the company closely know that we have changed a lot over the years," said McMillon.

He added that the company "will continue to adjust market by market to recruit and retain the talent we need to manage good business."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "[Voirégalement:[SeeAlso:[Voirégalement:[SeeAlso:Walmart: Retail jobs become "more complex" as technology takes jobs away from them]"data-reactid =" 41 ">[Voirégalement:[SeeAlso:[Voirégalement:[SeeAlso:Walmart: Retail jobs become "more complex" as technology takes jobs away from them]

<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Bernie Sanders asks for a living wage of $ 15 an hour"data-reactid =" 42 ">Bernie Sanders asks for a living wage of $ 15 an hour

<p class = "canvas-atom text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Also in & nbsp;presence at Walmart's formal businessSenator Bernie Sanders (I-VT) was meeting to present a shareholder proposal requesting that the hourly associates of the corporation be considered for the seats of the board of directors. "data-reactid =" 43 "> Sen also attended the formal business meeting of Walmart Bernie Sanders (I-VT) will present a shareholder proposal requesting that the hourly associates of the company be considered for seats on the board of directors.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "During his three-minute remarks, Sanders criticized Walmart's Remuneration of the Chief Executive Officer (his & nbsp;total compensation of $ 23.6 million& nbsp; last year) and the company's share buybacks, which he says they're profiting the richest. "Data-reactid =" 64 "> During his three-minute remarks, Sanders criticized the compensation of the Walmart CEO (his total compensation was $ 23.6 million last year) and the redemptions Shares of the company, which he said that they were profiting the richest.

"Surely, with all this, Walmart can afford to pay its employees a minimum wage of at least $ 15 an hour," said Sanders.

In his speech, Mr. McMillon said the company had allocated $ 4.5 billion in salaries in addition to the traditional annual salary increases at its stores and clubs in the United States. The company also paid its hourly employees $ 793 million in quarterly cash bonuses last year in addition to their salaries, he said.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "[Voirégalement:[SeeAlso:[Voirégalement:[SeeAlso:Walmart's US President and CEO Pledges to Keep Prices as Low as Possible Despite War of Tariffs]"data-reactid =" 67 ">[Voirégalement:[SeeAlso:[Voirégalement:[SeeAlso:Walmart's US President and CEO Pledges to Keep Prices as Low as Possible Despite War of Tariffs]

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Last year, Walmart & nbsp;promoted 215,000& nbsp; from its store associates last year to more profitable and more responsible jobs. In a recent report, Walmart revealed that a key departmental manager could earn up to $ 24.70 per hour and that a store manager could earn an average of $ 175,000 per year. Data-reactid = "68"> Last year, Walmart promised last year to 215,000 store employees to find better paying and more responsible jobs. In a recent report, Walmart revealed that this key department manager can earn up to $ 24.70 by the hour and a store manager averages about $ 175,000 annually about 75% of the time. 39, Store Operations Management Team.

McMillon then extolled the extended training of his associates at Walmart Academies, a free program located behind 200 stores. More than 800,000 associates, including 450,000 last year, attended the training.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Walmart has also increased its benefits in terms education, & nbsp;expanding his college offer to $ 1 a day& nbsp; and offers high school students standardized preparation for free tests and flexible work schedules. "data-reactid =" 70 "> Walmart has also increased its educational benefits, expanding its offer of a college offering $ 1 a day and offering high school students work schedules.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "A live feed of Walmart shareholders will be available on Yahoo Finance on June 7th."data-reactid =" 71 ">A live feed of Walmart shareholders will be available on Yahoo Finance on June 7th.

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