Calling the current $7.25 minimum wage “too low,” Walmart Chief Executive Doug McMillon it’s “time for Congress to put a thoughtful plan in place” to boost it.
Walmart Inc. is urging Congress to boost the federal minimum wage, a rare instance of the nation’s biggest private employer demanding change on a contentious issue it’s long been pilloried for.
McMillon has previously expressed support for a higher minimum wage, but this is the first time in more than a decade that a Walmart CEO has specifically demanded new legislation on the matter. With 1.5 million employees in the U.S., Walmart’s stance on labor issues can often influence broader American workforce trends. It’s unusual for Walmart, which has weathered criticism for years over its treatment of workers, to wade into the broader national debate on wages, but it has precedent. Former CEO Lee Scott said in a 2005 speech that the minimum wage then was “out of date with the times,” and that “it is time for Congress to take a responsible look at the minimum wage.
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