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Walmart, the country's largest private employer, just hiked its minimum wage for entry-level managers

President Obama's new overtime rule, which was approved in May, hasn't gone into effect yet, but we're already seeing some consequences. Walmart, the country's largest private employer, has raised salaries for entry-level managers ahead of the rule change, set to take effect December 1, in an attempt to shield itself from unpredictable additional costs for salaried employees.
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