NEW YORK (TheStreet) -- Ignore the ding to first quarter earnings: Wal-Mart's decision to raise employee wages, while raising ire among some investors and observers, is a smart long-term investment in its own business. In the most obvious way, this investment enables Wal-Mart to attract and keep better workers, which translates to productive, happier, better-paid workers and better store experiences for customers. In some areas, Wal-Mart stores function as a de facto town square, a center for the community economically and socially.
Forget First Quarter Earnings, Wal-mart Just Made A Long-term, Business-sustaining Move
twocents@thestreet.com (David Melancon), The Street
Thu, 05/21/2015 - 12:49pm
Topics: york thestreet ignore the 13 companies paying employees higher wages uc berkeley labor center mcdonalds ikea aetna as wal-mart ceo doug mcmillon other ceos darden restaurants applebee riteaid safe high-yield dividend stocks times volatility uncertainty wmt retail wal-mart read mcmillon click long-term workers raising investors quality drive short-term stores life customers people investment economy happier business buy store vital communities corporations turn assistance longer cost welfare
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