So far, based solely on my own reading, Lisa Ray comes closer than the competition to recognizing that Walmart's pay raise is a result of the Great Recession that allowed the Bentonvile Behemoth to see what having a workforce free (or mostly free) of slackers feels like. Now that Walmart has had a taste, going back is very difficult to contemplate.
However, retail analysts point out, that for Wal-Mart Stores, Inc., the cause of the wage revisions were different. Economic analysts claim that Walmart, over the past few years, has been able to identify that the need of the hour, was ‘Good Employees.’ Not only are good employees the right channel for bringing in better business for the organization, their long term presence in the organization led to manifold benefits. Longer retention of good employees will mean better business results, however, quality employees always come at a price.
The question now is just how high will Walmart go if the competition sees and raises in response? Jeff Hess: Have Coffee Will Write.

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