Over the past few weeks, we have been telling you about all of the companies across America who are giving HUGE bonuses and benefits to their employees ever since the GOP tax cuts officially passed in Congress.
Now one of the largest employers in the world is joining in on the fun! Not only are they going to raise their minimum wage to $11, but they’re giving them all $1,000 bonuses thanks to TRUMP’S TAX PLAN!
This is another HUGE victory for our country and the millions of hardworking Americans that stand to benefit!
Here’s the story from Bloomberg:
Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.
The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
Wal-Mart, the nation’s largest private employer, has fought in recent years to improve its image in the U.S., as it weathered criticism over its treatment of employees. With the wage increase and bonus payment, the company seeks to even its pay gap with resurgent rival Target Corp., while simultaneously sending a high-profile thank you to the U.S. government for slashing the corporate tax rate.
“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” Chief Executive Officer Doug McMillon said in the statement.
Here’s what President Trump had to say upon hearing this news:
Here’s what the rest of Twitter had to say:
WalMart is the largest private employer in the United States, which means that this wage increase is going to be AMAZING for a huge chunk of our country!
Trump is owning is haters every single day and MAKING AMERICA GREAT AGAIN!