Do walmart raised wages because of supply and demand


Assignment:

In February 2015, Walmart announced that it is increasing wages to just over $10 an hour for all employees. This wage is now substantially higher than the federal minimum wage but still below the $15 an hour rate recommended by many labor activist groups. Review the following information on the recent wage changes:

  1. In Letter to Associates, Walmart CEO Doug McMillon Announces Higher Pay
  2. What You Should Know About Walmart's Raise
  3. Walmart Lifts Its Wage Floor to $9 an Hour

In a paper, respond to the following questions:

  • Do you think Walmart raised wages because of supply and demand in the labor market or because of the pressure of labor activist organizations? Explain your reasoning.
  • Do you think Walmart should raise wages to $15/hour to match what labor activists are calling for? Why or why not?
  • Should the government raise the minimum wage and if so, to what level? Please support your answer.

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