Wal-Mart Stores Chief Executive H. Lee Scott has urged Congress to raise the minimum wage, which has stuck for years at $5.15 per hour.
In a speech Scott delivered at an annual meeting of company analysts, he said," The US minimum wage of 5.15 dollars has not been raised in nearly a decade, and we believe it is out of date with the times." Scott also outlined a new health plan for employees and several energy conservation initiatives.
"We can see first-hand at Wal-Mart how many of our customers are struggling to get by," Scott said, noting that some "simply don't have the money to buy basic necessities between paychecks."
Wal-Mart says its full-time hourly employees make an average of $9.68 an hour. U.S. retail workers, on average, were paid about $12.40 an hour in July, according to Department of Labor statistics.
Kennedy, the author of minimum wage hike's defeated Senate legislation, said," When even the head of Wal-Mart -- one of the most anti-worker companies in the world -- says that a minimum wage of 5.15 dollars an hour is out of date, we know its long past time for an increase."
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