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Sam’s Club Raises Minimum Hourly Wage to $15

According to CEO of Sam’s Club Kath McLay, most of the warehouse club retailer’s associates already make at least $15 an hour. But starting towards the end of September, all Sam’s Club hourly associates will be making at least $15 an hour, and many associates – about 34% – will receive a boost in pay. In a tight labor market, retailers are stepping up efforts to attract and retain talent. Sam’s Club has more members than ever, and it needs associates to keep its operations running smoothly.

With the move, the membership-based warehouse club will now have a noticeably higher starting wage than its parent company, Walmart, where the minimum hourly pay was recently raised from $11 to $12. 

Read the full story at CNBC.