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Competition helps everyone get the best deal: consumers flock to Wal-Mart because it offers products at competitive prices

Wal-Mart’s Giving Raises. How That Shows the Market Works.



Wal-Mart is giving employees a raise.

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Wal-Mart announced today that it would spend $1 billion to raise the wages for 500,000 workers. Current employees will now be paid at least $9 per hour by April of this year and $10 per hour by February 2016. Wal-Mart’s decision to lift its base hourly wage is an indication that the labor market is recovering strongly. Since Wal-Mart is a participant in labor markets all over the country, the company’s decision is a good indication that the economy is doing better nationally. Moreover, the higher wages are apparently necessary for Wal-Mart to attract and retain valuable personnel. More...


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The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973,  mission is
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