Speaking of Walmart, something is happening over there:
Wal-Mart Stores Inc. chief executive H. Lee Scott Jr. called on Congress to raise the country's minimum wage from $5.15 an hour, saying the company's customers are "struggling to get by."
Scott, head of the world's largest retailer, which has been criticized for paying low wages, providing few health care benefits and causing the demise of small businesses across the country, ticked off a list of changes he said the company plans to make and called for a higher minimum wage in a speech to directors and executives Monday.
"We have seen an increase in spending on the 1st and 15th of each month and less spending at the end of the month, letting us know that our customers simply don't have the money to buy basic necessities between paychecks," Scott said in his speech, a transcript of which was released yesterday. Scott also said the company wants to reduce energy use by its stores by 30 percent.
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