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Malik
February 19, 2021
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Walmart Worker Pay to Rise $1/hour, on Record Revenues of $152.1 billion

Malik
February 19, 2021
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Walmart Worker Pay to Rise $1/hour, on Record Revenues of $152.1 billion

Walmart was able to limit worker pay raises to only $1 per hour. This is in spite of making a record $152.1 billion in revenues. The raise, amounting to about $1.5 million in total, is a minuscule 1.33% compared to the $112 million paid to Execs in 2020. Why is it so low? Monopoly power.

Tagged: Walmart, monopoly, minimum wage, pandemic

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