Posted 9/8/2023, 5:07:00 PM
Walmart Cuts Starting Wages for Some New Hires as Labor Market Cools
- Walmart cut starting pay by about $1 for some new hires who prepare online orders or restock shelves, beginning mid-July
- Change did not apply to existing employees; impacted future hires as labor market cools
- Walmart raised wages in recent years but now sees better availability of workers
- Could indicate broader easing of tight labor market conditions
- Walmart has outsized impact, so its move could spur other chains to offer less pay