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Walmart Wants To Avoid Paying Overtime. That's Actually A Good Thing.

A lot of managers at Walmart stores are getting a pay raise these days. But they don’t need to thank their bosses for it ? they should probably thank the White House. As Reuters reported Tuesday, the world’s largest retailer is going to be raising the pay floor for its entry-level managers from $45,000 to $48,500 per year. That’s a nearly 8 percent raise. Not bad. So how does the White House figure in this? According to Reuters, Walmart is implementing those raises in response to a new federal regulation.
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