On Thursday, Walmart announced that it would raise its minimum wage for its hourly workers in the U.S., citing the recent Republican tax reform bill as the catalyst. The company's U.S. employees will, starting in February, earn a minimum of $11 an hour, Reuters reports.
Walmart is the world's largest private employer and retains more than a million hourly employees in the United States.
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Reuters notes that AT&T, Boeing, and Wells Fargo have made similar pledges after President Trump signed the Republican tax bill, which cut the corporate tax rate by 14 percent.
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