Wal-Mart is raising its starting wage 17%, pointing to ongoing strength in the labor market that could make it harder for the Fed to fight high inflation.
The giant retailer Walmart on Tuesday said it will boost starting wages to as much as $16 an hour, pointing to ongoing strength in U.S. labor market that could make it harder for the Federal Reserve to fight high inflation.
The retailer WMT is increasing pay for new workers in an effort to keep up with better-paying rivals such as Target TGT . Even with the U.S. economy slowing, competition for labor in many industries such as retail remains fierce. Fed officials don’t object to U.S. workers earning more, but they worry the tight labor market will keep wages rising at an unsustainable pace. If that continues, it would make it harder for the central bank to get inflation back down to its 2% long-term goal.
It was a double-whammy. Businesses simply couldn’t produce enough goods and services to meet the demand, leading to higher prices.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Southwest Airlines agrees to tentative deal giving dispatchers a 17% raiseThe Dallas-based carrier agreed to give some of its dispatched workers 17% pay raises and scheduling improvements.
Weiterlesen »
Brandon Cronenberg Debuts Shock NC-17 Pic ‘Infinity Pool’ Featuring Alexander Skarsgard Naked and BreastfeedingSkarsgard showed off the horror feature during the fest's Midnight section: 'It’s rare to experience something like this as an actor.”
Weiterlesen »
17 Sex Facts About Celebs I've Learned Recently And Completely Against My WillDuring a lie detector test, Kourtney Kardashian shared that Travis Barker has a fetish for her feet.
Weiterlesen »
How a 17-Year-Old’s Locker Room Freakout Became an Anti-Trans Crusade“I’m neither Sigmund Freud nor Carl Jung; I don’t know what evil pathology drives that. But there’s always got to be that convenient boogeyman. There’s always gonna be that ‘other’ that threatens ‘us.’”
Weiterlesen »