Don’t be soothed by Walmart pay hike

Walmart, the nation’s largest private employer, announced last week that it will raise the wages of approximately 500,000 of its employees by lifting its base wage to $10 by 2016 for current workers (and to the same rate for new hires after six months training).

It’s a step in the right direction, but not enough.

To be sure, Walmart’s announcement is an impressive development in the fight for better wages, not only because the retail powerhouse has earned a reputation for paying some of the lowest wages in the industry, but most importantly, because it was forced to make the change by its own workers.

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