Wyatt Employment Law Report

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Walmart Announces Wage Increases

By Colby F. Block

On Thursday, Walmart announced several changes to its compensation and benefits structure—the most noticeable being its hourly wage increase. Walmart states that, by April 2015, its entry-level wage will start at $9 an hour, and it will go up to $10 an hour by early 2016.

Other new measures include additional training and opportunities for internal promotion, which Walmart CEO Doug McMillon states will create clearer paths to better jobs and higher pay.

wage increaseThese changes are significant—Walmart is the largest private employer in the country, and this will increase wages for 500,000 of its employees. The cost to Walmart over the next year is projected at one billion dollars, but this number is actually small considering the company’s almost $500 billion in annual revenue.

Walmart’s announcement has already created quite the media frenzy. And some—noting that it is not altruism behind these changes—are already questioning Walmart’s motives. Walmart is a business, after all, so there is a bottom line. Is the goal to Continue reading

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Department of Labor Reports on New Jobs Added and Drop in the Unemployment Rate

By Edwin S. Hopson

Acting U.S. Secretary of Labor, Seth D. Harris, announced on March 8, 2013, that the economy added 236,000 new non-farm payroll jobs in February.  Harris also reported that the unemployment rate had dipped to 7.7%–the lowest level since December 2008.

Harris claimed that in the last 3 years, the private sector added a total of 6.4 million jobs.

Harris in a press release also stated: 

“The economy is poised for even more significant growth, but Congress should not hold it back. We can’t cut our way to prosperity. Deficit reduction alone is not an economic strategy or a jobs plan. It’s time for members of both parties in Congress to work together on a balanced deficit reduction plan and invest in the middle class — the engine of America’s economic growth.”