Did Wal-Mart cave to the Pressures of its Employees or Avoidance of Persecution?
Call it cynicism or skepticism but whatever you call it, I have to wonder why after all these years and millions of dollars Wal-Mart made off the backs of its employees they all of a sudden decided to do right by them and give them that pay raise. In an article titled “ Wal-Mart will give half-million employees pay raises ” written by Katie Little for CNBC.com, it is reported that “Wal-Mart will give a half-million employees pay raises, the discount retail giant said Thursday as it announced a mixed quarterly earnings report. Hourly workers will earn at least $1.75 above the current federal minimum wage, or $9 per hour, in April. By next February, it will rise to at least $10 per hour. "I think it actually is good news," Deutsche Bank analyst Paul Trussell said about the wage move. "Frankly part of Wal-Mart's problem has been concerns around inventories being out of stock, been about bad customer service, long lines at the checkout counters. There have been a lot...