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Originally Posted by OMG!WTF!
You realize this article is an argument against minimum wage increases right?
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Weird, I didn't get that vibe from it at all...
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To labor activists, it was a sign that political campaigns to raise the minimum wage were paying off. To Wall Street analysts, it was the company owning up to the weaknesses long apparent in customer surveys and sales numbers.
And in the company’s own framing, it was about doing the right thing. “It’s clear to me that one of the highest priorities today must be an investment in you, our associates,” Mr. McMillon said in the video.
It was all of these things, Ms. McKenna acknowledged.
The improving economy made it harder for Walmart to get good workers without paying more. Political momentum toward a higher minimum wage meant that entry-level pay would soon be rising in many places anyway. And executives really had concluded that customer service woes and slumping sales were because of underinvestment in employees.
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It seemed pretty neutral on that fact to me. It did seem to say that paying staff the absolute minimum possible may not be all that wise.