According to an article in the New York Times, in early 2015,
Walmart received bad customer reviews: “They complained of dirty bathrooms, empty shelves, endless checkout lines and impossible-to-find employees.” Shortly
thereafter, Walmart announced that it was changing its
employment practice by, among other things, increasing wages. The article noted that a year and half later,
“[Walmart store] managers describe a big shift in the kind
of workers they can bring in by offering $10 an hour with
a solid path to $15 an hour.” Wouldn’t raising wages from
$10 per hour to $15 per hour reduce Walmart’s profit?
Why would the company have adopted such a policy?