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Business

We're going to be criticized




<p class = "canvas atomic text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Walmart ( WMT ), The largest private employer in the United States made waves this week when CEO Doug McMillon urged Congress to increase the "delaying" federal minimum wage . "Walmart (WMT), the largest private employer in the United States, made waves this week then CEO Doug McMillon urged Congress to raise the "bed" federal minimum wage.

"[It’s] just too low. I mean, that $ 7.25 for the nation is a number that is almost irrelevant at this time," McMillon told Yahoo Finance on Friday after the Shareholders and Associates Meeting. "[We] will only have a steady competition. We want everyone to benefit. We want businesses to be on equal terms."

At the company's formal business meeting on Wednesday, McMillon called the congress to raise the federal minimum wage. He added that there should be a "thought-out plan" that "should take into account phasing and differences of life in order to avoid unintended consequences."

"When we move from $ 11 and above, the market after market and other retailers have been relocating, and other industries are moving, it just feels like it's the right time to raise the federal minimum wage, McMillon said.

<p class = "canvas expertise textile Mb (1.0em) Mb (0) What Walmart CEO Doug McMillon tells people who want their job – sm" type = "text" content = " ] "data-reactid =" 19 "> [Seogso: What Walmart CEO Doug McMillon tells people who want their job ]

Under McMillons management, the dealer has increased the starting salary by 50% over the past four years to an hourly rate of $ 11 and extended a number of benefits to his employees, McMillon noted that the company has continued to align in the market to recruit and retain talent. All-in serves the company's hourly-paid employees an average of $ 17.50 per

<h2 class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" Walmart and other businesses should be criticized "" data-response time = " 21 "> " Walmart and other businesses will be criticized "" type = "text" content = " 19659013] <p class =" canvas-atom lerem text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Although Walmart has made these moves, the dealer & nbsp; has continued to criticize wage practice especially from late Bernie Sanders (I-VT) who said during the business meeting that Walmart pays its employees "hunger wages" Although Walmart has made these moves, the dealer has continued to criticize wage practices, especially from then Bernie Sanders (I-VT) who said during the business meeting that Walmart pays his employees "hunger wages."

McMillon told Yahoo Finance, he doubts that the criticism will change.

"I think Walmart and other businesses should be criticized," McMillon said. "[Big] picture, it's pressure points, and they are real. And when people feel pressured, and they worry about their future or their child's future, they look for solutions in different places. Sometimes they look to the government, and sometimes they look to the private sector but they are looking for help. "

Doug McMillon President and CEO Walmart Inc. presents a campaign to Shabnam Ighani at 2019 Walmart shareholders June 7, 2019 at the Bud Walton Arena, Fayetteville, Arkansas.

McMillons goal for Walmart should be a place where people can get started on a training job and work their way up.

Last year, Walmart promoted 215,000 employees to roles with higher salaries and more responsibility.

At the annual meeting on Friday, McMillon promoted Shabnam Ighani, who immigrated Ted to the United States from Iran and started as a senior stockist in 2004 to a store manager in Fairfax, Virginia.

<p class = "canvas-textile textile Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "A store manager earns an average of $ 175,000 per year, & nbsp; Walmart revealed in a recent report . About 75% of shop operations and management started as hour-associated. "Data-React =" 39 "> A store manager receives an average of $ 175,000 a year, revealed Walmart in a recent report. About 75% of the store operation and management team started as time-associates.

<h2 class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Build trust " data- reactid = "40"> Building Trust

At the annual meeting, McMillon talked about the importance of building trust, which he has previously said is "staggering," especially among big business.

"Sometimes people think big must be bad. So when you are a larger company that comes with the territory, he says." I think we are able to try to prove that people like our company are worthy of to trust. "

He emphasized Walmart's commitment to serving communities, investing in affiliates, and managing customer privacy.

" Finally, we believe trust is our greatest asset and we have a certain portion of it. And we will constantly add it to everything we do. You have to earn it. People don't give it to you. »

<p class =" canvas-text-text "Mb" (1.0em) Mb (0) – Sm Mt (0.8em) – Sm "type =" text "content =" Julia La Roche is a journalist at Yahoo Finance. Follow her on Twitter . "data-response time =" 46 "> Julia La Roche is a reporter at Yahoo Finance. Follow her on Twitter .

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Read the latest economic and business news from Yahoo Finance "data-response time =" 52 "> Business news from Yahoo Finance

<p class =" canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm "type =" text "content =" [19659005] Follow Yahoo Finance on Twitter Facebook [19659006] .] reddit . "data response time =" 53 "> [19659009] Follow Yahoo Finance on [19659000] Instagram Instagram [19659000] ] and reddit reddit ] .



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