Walmart, the nation’s largest employer, with 1.5 million U.S. workers will allow the majority of those employees, 1 million, to share in the benefits of the largest sweeping tax reform in three decades.
Walmart, the largest U.S. private employer with more than 1 million workers, said Thursday it plans to raise starting wages from $9 to $11 an hour and hand out employee bonuses ranging from $200 to $1,000, becoming the latest company to give a least some of the credit for new worker benefits to the recently passed tax plan.
With the national unemployment rate at 4.1 percent, a 17-year low, there are more job openings in the retail industry than at any time since the turn of the century, government data show.
“We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders” said CEO Doug McMillon in a statement on Thursday.
AT&T, Comcast, Boeing, and Bank of America are some of the other companies that have rolled out extra perks and payouts in recent weeks all tied to tax reform policies introduced by the Trump administration.