Wal-Mart Raises Its Minimum Wage, Plans Bonuses After Tax Overhaul

Moves come amid stiffer competition for low-paid workers

Wal-Mart Stores Inc. said it would raise starting hourly pay to $11 for all its U.S. employees and hand out one-time bonuses, doling out some of the windfall it expects from the U.S. tax overhaul as it competes for store workers in a tight labor market.

The giant retailer, which employs around 1.5 million people in the U.S., currently pays $9 or $10 an hour to most new store workers. The wage increase to well above the federal minimum could pressure restaurants, warehouses and smaller retailers competing for unskilled hourly...

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