CONVERSATION-STARTER Let’s Talk Business
This week, the nation’s largest employer, Walmart, joined the list of employers who are rewarding workers because of President Trump’s tax reform that reduced the corporate tax rate. As a result, Walmart increased employees’ hourly wages to $11 and plans to pay tenured employees a $1,000 bonus. However, while Walmart announced the added benefits for its employees, Sam’s--the nation’s largest retailer--announced the closure of 63 Sam’s Club stores throughout the U.S., which will result in the loss of thousands of jobs. Because the same entity owns both stores, is the corporate tax rate reduction beneficial to workers? Or are businesses taking advantage without considering employees’ needs? Share your thoughts with me via email: Publisher@OlneyEnterprise.com.