It’s nice to see a company like Walmart take the initiative on important issues like a living wage.
The firm’s chief executive, Lee Scott, told analysts that the rate – stuck at $5.15 for almost a decade – was “out of date with the times”.
Customers were struggling to make ends meet, so a rising minimum wage would be good for business, he said.
But he resisted calls for Wal-Mart to raise its own wages.
Whoops, nevermind.