New York (CNN Business) Walmart announced pay bumps Thursday that will bring its average hourly wage to over $15 an hour. But the move still falls short of the $15 minimum wage announced by some of its largest competitors. Walmart, America's largest private employer, said it will raise wages for 425,000 US workers -- more than a fourth of its workforce -- to at least $13 an hour. Last year, the company raised wages for 165,000 store workers in management roles to a starting rate of $18 an hour. Overall, approximately half of Walmart employees— around 730,000—will earn at least $15 an hour.

Source: CNN February 18, 2021 13:18 UTC