February 20, 2015
FOR IMMEDIATE RELEASE
Statement by Ralph Nader on the Walmart Announcement Raising its Minimum Wage
After meetings with Walmart representatives, public letters to the company’s CEO, and picketing Walmart stores over the past several years (see timeforaraise.org and give1010avote.org), we see that Walmart now decides to be one step ahead of several pursuing state laws that are raising the minimum wage.
Still, Walmart’s increase to $9 an hour in April and to $10 an hour next February is less than what Walmart had to pay its workers in 1968, inflation adjusted. That would be $11 an hour.
Moreover, Walmart workers want more than part time hours to even try to partly make ends meet. Walmart’s announcement does not address this problem for their workers, beyond making part-time scheduling notices more predictable.
At $11,000 an hour plus lavish benefits, Walmart CEOs still have much to do to make it possible for their workers to make ends meet.
For more information contact Ralph Nader at (202) 387-8030 or [email protected]