Walmart becomes case study on treating workers, WSJ reports

Ten years ago, Walmart (WMT) raised its starting wage to $9 an hour, impacting the salaries of half of its more than a million U.S. hourly wages, Sarah Nassauer of The Wall Street Journal reports. The company raised its starting salaries to reduce employee turnover, organize more stores, increase sales, and better position the company for e-commerce. While initial reactions to the decision caused the stock to be driven down, shares have now more than doubled over the past five years and employee retention has increased by 10%. The company’s experience will be published as a Harvard Business School case study.