The new “Walmart effect” — higher wages
Walmart has long been a target for critics on the left who lament the “Walmart effect” — the way the superstore chain tended to strangle small local merchants and lower wages and benefits as it has conquered the U.S. retail marketplace. Now there’s a new kind of Walmart effect on the horizon.
In 2015 Walmart found that its stores were a mess, its shelves were often empty, and its customers were unhappy. The retail giant took the shocking step of raising wages for its front-line workers, investing in their training, and opening paths for them to advance (The New York Times).Read More