Wal-Mart Raises Hourly Wages in Wake of Tax Reform

The lede:

Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.


The increase takes effect next month and will cost $300 million on top of wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” Chief Executive Officer Doug McMillon said in the statement.

This is what ‘trickle down’ looks like.  For decades liberals/democrats have blasted trickle down theory as fake science without any push back.  The theory was always valid, it just didn’t fit the narrative.  No matter how hard the MSM tries to ignore it a vast number of millennials will now see it first hand.  Wal-Mart is not the only company ‘spreading the wealth’ around.  Can you imagine all the head scratching going on inside the economics departments at the elite universities?

From Investopedia.com:

What is the ‘Trickle-Down Theory’

Trickle-down economics, or “trickle-down theory,” argues for income and capital gains tax breaks or other financial benefits to large businesses, investors and entrepreneurs in order to stimulate economic growth. The argument hinges on two assumptions: all members of society benefit from growth; and growth is most likely to come from those with the resources and skills to increase productive output.

More on Wal-Mart here:  www.bloomberg.com