Question: Wal-Mart announced that it is increasing wages to just over $10 an hour for all employees. This wage is now substantially higher than the federal

Wal-Mart announced that it is increasing wages to just over $10 an hour for all employees. This wage is now substantially higher than the federal minimum wage but still below the $15 an hour rate recommended by many labor activist groups.

Review the following information on the recent wage changes: •in letter to associates, Wal-Mart CEO Doug McMillan announces higher pay

What you should know about Wal-Mart’s raise

Wal-Mart lifts its wage floor to $9 an hour in a paper, respond to the following questions:

1. Do you think Wal-Mart raised wages because of supply and demand in the labor market or because of the pressure of labor activist organizations? Explain your reasoning.

2. Do you think Wal-Mart should raise wages to $15/hour to match what labor activists are calling for? Why or why not?

3. Should the government raise the minimum wage and if so, to what level?

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Step 1 Analyzing WalMarts Decision to Raise Wages 1 Motivation Behind Raising Wages Supply and Demand in Labor Market WalMart may have raised wages du... View full answer

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