U.S. Markets closed

Trump's Tax Bill Prompts Walmart To Raise Starting Wage, Give $1,000 Bonuses To Some Employees

Taylor Swaak
Trump's Tax Bill Prompts Walmart To Raise Starting Wage, Give $1,000 Bonuses To Some Employees

Walmart announced Thursday morning it intends to raise its starting salaries and bolster worker benefits—and the CEO of the much-criticized company credited President Donald Trump's controversial corporate tax cut for the windfall. Beginning in February, the retailer's starting workers will earn $11 an hour—a bump from the current starting wage of $9 an hour, CNBC reported. Walmart employees with 20 years of experience will also pocket a one-time cash bonus of $1,000, dropping in a sliding scale down to $250 for workers with just two years on the job, a spokesman told CNBC.