Headlines

Walmart CEO Supports Higher Minimum Wage

He says the current federal standard is “too low”

Published

5 years ago

June 7, 2019

VMSD_Olivia

During Walmart's (Bentonville, Arkansas) annual shareholder meeting on Wednesday, CEO Doug McMillon called on Congress to raise the federal minimum wage, Retail Dive reported on Friday.

“$7.25 is too low,” McMillon said. “It's time for Congress to put a thoughtful plan in place to increase the minimum wage.” Walmart's minimum hourly wage for employees is $11 an hour.

McMillon also said a national increase in the minimum wage should take into account the cost of living and follow a phased approach.

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