Wal-Mart has been a prime target of critics who say its low-wages and inflexible scheduling are a big part of the problem. The White House praised the move, pointing out that 17 states have already moved to boost their minimum wages above the federal level of $7.25 an hour and renewing its call on the Republican Congress to boost the wage on a national level. Investors, worried about the bottom-line implications even after the retailer reported better-than-forecast profits, pushed Wal-Mart's shares down 2.9 percent to $83.77 in afternoon trade, making it the biggest decliner on the Dow Jones Industrial average (.DJI).
via Business News http://ift.tt/1vjJmy8
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