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Why Walmart's bait and switch matters

CNN
Why Walmart's bait and switch matters

Year after year, the Walmart heirs prove no one comes close to their brand of exploitation, which they wrap in public relations fluff and deception. With much fanfare, Walmart announced it was raising its minimum starting wage to $11 an hour (from $10) and giving eligible workers a $1,000 bonus, tying its munificence to the recent Republican tax cut. On the same day, Walmart, with far less fanfare, also announced it would close dozens of Sam's Club wholesale stores, laying off thousands. With the unemployment rate relatively low (even as lots of people are still out of the labor force compared to pre-recession), basic economics dictates that workers will usually have more choices to look for higher pay.