Walmart is raising its minimum wage and handing out tax cut bonuses

Walmart workers win pay rise after Trump tax cuts

Your Stories team investigating the status of Sam's Club on Erie Boulevard

Walmart will also increase its starting salary rate for hourly USA employees to $11 in the February 17, 2018, pay cycle.

As far as 63 Sam's Club stores closing across the nation, Hatfield says Those in Texoma will remain open. Shares soared almost 43% in 2017 thanks to consistent sales growth from its stores and a booming e-commerce business.

"We were just told today that our store is closing", said Tanisha Wade, a Walmart employee.

The announcement came ahead of news that Walmart's wholesale unit, Sam's Club, closed several of its members-only stores in order to "better align our locations with our strategy".

Walmart has announced plans to increase the starting wage rate for its hourly associates in the U.S.to $11 Thursday, and Tahlequah workers will reap the benefits.

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Sam's Club has not said how many employees are losing their jobs. "The rise of e-commerce is leading to higher wages".

But the world's biggest retailer and the biggest private USA employer is also shutting some Sam's Clubs stores around the U.S., the company confirmed. Walmart said it will provide support and resources to workers who are affected.

Walmart officials had credited their decision to raise wages to money saved from the Republicans' tax-overhaul plan passed in December. "The labor market is tight and getting tighter".

Economists have argued that one-time bonuses, while significant for workers living paycheck-to-paycheck, are not as meaningful as permanent wage increases.

Laurie Rose, owners of Olde Naples Chocolate usually has six workers during the winter months, the busy season in the resort city of Naples, Florida.

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The changes in parental leave put salaried and hourly workers on the same footing. Rose would like to pay more, but she'd have to raise her prices and fears that would turn away customers. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million.

"Today, we are building on investments we've been making in associates, in their wages and skills development", said Doug McMillon, Walmart president and CEO.

In response to a story about the minimum wage boost on Fox Business, President Trump tweeted, "Great news, as a result of our TAX CUTS & JOBS ACT!" While many traditional retailers have been struggling to keep up with online behemoth Amazon, Walmart has fared better. Target raised its wage to $11 for hourly employees in October 2017, with the goal of reaching $15 by 2020. Hourly employees at its websites, distribution centers and its Bentonville, Arkansas, headquarters, will benefit from the wage increase.

News that Walmart was raising its minimum wage was seized upon by the U.S. government as evidence that companies were sharing the benefits of the Trump administration´s recent cut in the top rate of corporate tax from 35% to 21%.

The big-box store chain, which has more than 1 million USA hourly employees, will reap a windfall from the corporate tax rate cut from 35% to 21%.

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Walmart is also expanding its maternity and parental leave policies for full-time workers, adding an adoption benefit of $5,000 to help cover costs.

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