Want to earn six figures? Consider working at Walmart

By Sarah Min

/ MoneyWatch

Walmart, long criticized for underpaying workers, seems particularly eager to shed that label. The world's biggest retailer revealed this week that its store managers earn an average of $175,000 a year — that's nearly four times the roughly $47,000 a typical U.S. worker makes.

Full-time workers at Walmart earn $14.26 per hour, which comes to just under $30,000 a year and is nearly double the federal hourly minimum wage of $7.25 (More than half the company's hourly U.S. employees are full-time, according to Walmart, suggesting that many of its workers are part-time and may earn less.) The lowest starting wage for any worker at Walmart, full-time or part-time, is $11 an hour, according to the company.

Walmart moved to rehabilitate its reputation for paying poorly in 2015, when it pledged to boost wages by $2.7 billion over two years, as well as offer more training and education for workers. Last year, it increased starting hourly pay to $11 for full-time employees. Meanwhile, Walmart made headlines in January when it announced that it was boosting the annual salary for 8,000 truck drivers to an average of $87,500 year.

Trending News

"We want to build a skills-based employment system, with ladders of opportunity, at scale," Kathleen McLaughlin, chief sustainability officer at Walmart, said in a report.

The company said it promoted 215,000 people, or about one-fifth of its U.S. workforce, to roles with greater responsibility and higher pay in the past year.

Here come the robots

How serious is Walmart about rebranding itself as a place to work? When Amazon founder and CEO Jeff Bezos last month challenged retailers to match the ecommerce company's $15 an hour minimum wage, a Walmart executive promptly fired back and suggested that Amazon pay its taxes. Amazon paid has owed no federal income tax for two straight years.

Although Walmart is raising pay for many workers, the company is joining many other retailers in embracing automation. The company said in April that it's adding almost 4,000 robots to its stores, effectively removing low-skilled work like scrubbing floors and sorting inventory.

Walmart framed the move as a way to free up employees to do what they're "uniquely qualified for," while critics fear its robot fleet will cost jobs.

First published on May 9, 2019 / 4:16 PM

© 2019 CBS Interactive Inc.. All Rights Reserved.

Trump to nominate Patrick Shanahan as next defense secretary

Shanahan has been the acting defense secretary since January

8M ago

Shaq buys teen shoes after hearing his mom can't afford sneakers

Shaq surprised the teen at his favorite store in Atlanta, where he's always bought his own size 22 shoes

12M ago

Want to earn six figures? Consider working at Walmart

The world's biggest retailer is trumpeting the hefty paycheck its store managers can earn

14M ago

Texas and Louisiana threatened by chance of flash flooding

Tornadoes and severe storms are also possible in parts of Mississippi, according to the National Weather Service

26M ago

Hate crimes charges for synagogue shooting suspect

Gunman killed a woman and wounded an 8-year-old girl, her uncle, and a rabbi who was leading the Passover service

41M ago

Trump to nominate Patrick Shanahan as next defense secretary

Shanahan has been the acting defense secretary since January

8M ago

Transcript: Chris Costa on "Intelligence Matters"

International Spy Museum to offer newly dimensional look into world of espionage, Costa tells Michael Morell on "Intelligence Matters" podcast this week

1H ago

Alabama could pass near-total abortion ban as soon as Tuesday

It would be the most restrictive ban on abortion since the Supreme Court's Roe v. Wade ruling

2H ago

U.S. seizes North Korean cargo ship for violating sanctions

The seizure of the vessel, initially detained last year in Indonesia, comes at a delicate moment between the two countries

1H ago

Trump hosts Boston Red Sox as black and Latino players skip

The team's manager and most of its Latino and African American players skipped the ceremony over disagreements with the president's policies

2H ago

U.S. seizes North Korean cargo ship for violating sanctions

The seizure of the vessel, initially detained last year in Indonesia, comes at a delicate moment between the two countries

1H ago

BBC radio host fired over royal baby tweet with image of chimp

The BBC called it "a serious error of judgement" – Danny Baker called it a "stupid unthinking gag pic"

3H ago

China tests brain implants to treat opioid addiction

The deep brain stimulation treatment involves a surgeon drilling two small holes in the skull and feeding electrodes deep into the brain

4H ago

How Archie is unlike any royal before him

Archie is the first member of the British royal family to be eligible for U.S. citizenship, and that's not where the differences end

6H ago

David Beckham gets 6-month driving ban for using cellphone

Soccer superstar was busted with his phone in his hand while behind the wheel in central London last year — a crime British courts take seriously

6H ago

Shaq buys teen shoes after hearing his mom can't afford sneakers

Shaq surprised the teen at his favorite store in Atlanta, where he's always bought his own size 22 shoes

12M ago

New on Netflix, Hulu and Amazon

Shows and movies you'll want to stream in May

Apr 26 36 photos

Emilia Clarke responds to "Game of Thrones" coffee cup controversy

Daenerys Targaryen is attempting to clear her name

1H ago

Met Gala 2019: Red carpet looks

See what all your favorite celebrities wore to fashion's biggest night

May 6 80 photos

Preview: Alex Trebek on his fight against pancreatic cancer

The longtime "Jeopardy!" host opens up to "Sunday Morning" about chemotherapy, working through crippling pain, and his on-air hairpiece

1H ago

Uber IPO promises riches for a few investors — and risks galore

The ridesharing pioneer has made millions of Americans rethink how they get around — now all it has to do is make money

1H ago

Amazon's Echo Dot Kids puts kids at risk, privacy advocates allege

The smart speaker, which listens to and records children, fails to protect their privacy, a complaint to FTC claims

5H ago

A Facebook co-founder says it's time to break up the social media giant

Hughes argues the government should force the "powerful monopoly" to spin off Instagram and WhatsApp

3H ago

Facebook auto-generates celebratory videos with extremist images

A whistleblower complaint points to major holes in the social media company's efforts to stymie terrorists and extremists

7H ago

Facebook's CEO, COO face subpoena from Canadian Parliament

Facebook brass have ignored repeated requests to appear before a committee of officials from 10 nations, according to a Canadian Member of Parliament

4H ago

California bans pesticide blamed for harming children

Chlorpyrifos has already been banned in Hawaii and New York lawmakers recently sent a bill to the governor outlawing use of the pesticide

May 8

Study finds contaminated drinking water in 43 states

An environmental non-profit and university researchers found PFAS chemical exposure in the water in 43 states

May 7

Tiny T. rex cousin identified 21 years after fossil discovery

Suskityrannus hazelae weighed between 45 and 90 pounds and roamed the earth 20 million years before the nine-ton T. rex

May 6

1 million species at risk of extinction, U.N. report warns

A new United Nations report presents some troubling predictions for the planet

May 6

SpaceX cargo ship reaches space station

SpaceX delivers 5,500 pounds of equipment and supplies to the space station

May 6

Do CBD-infused massages live up to their claims?

Spas are promoting the benefits of CBD, but experts say the trend is taking off faster than science can keep up

1H ago

Alabama could pass near-total abortion ban as soon as Tuesday

It would be the most restrictive ban on abortion since the Supreme Court's Roe v. Wade ruling

2H ago

China tests brain implants to treat opioid addiction

The deep brain stimulation treatment involves a surgeon drilling two small holes in the skull and feeding electrodes deep into the brain

4H ago

Measure to allow use of "magic mushrooms" approved in Denver

The measure would allow the use and possession of psilocybin mushrooms by adults 21 and older in Denver

1H ago

Drug prices must be revealed in TV ads under new Trump rule

TV ads will have to disclose the price of any drug that costs more than $35 a month

23H ago

Want to earn six figures? Consider working at Walmart

The world's biggest retailer is trumpeting the hefty paycheck its store managers can earn

14M ago

Uber IPO promises riches for a few investors — and risks galore

The ridesharing pioneer has made millions of Americans rethink how they get around — now all it has to do is make money

1H ago

Ethics watchdog seeks info on John Kelly and shelter operator

The nonprofit Citizens for Responsibility and Ethics in Washington wants to know what role, if any, Kelly played in decisions that benefited Caliburn International

3H ago

Muslim Amazon employees allege discrimination

Three women came forward and said they were retaliated agains by their supervisors at Amazon – because of their race and religion

4H ago

Amazon's Echo Dot Kids puts kids at risk, privacy advocates allege

The smart speaker, which listens to and records children, fails to protect their privacy, a complaint to FTC claims

5H ago

Hate crimes charges for synagogue shooting suspect

Gunman killed a woman and wounded an 8-year-old girl, her uncle, and a rabbi who was leading the Passover service

41M ago

Mansion at center of massive gun seizure is linked to Getty family

Cynthia Beck, who reportedly has three daughters with oil tycoon J. Paul Getty's son, Gordon Getty, linked to property

1H ago

Inside the international manhunt to find multimillionaire Peter Chadwick

Real estate investor Peter Chadwick is accused of killing his wife and staging a kidnapping scheme and then — he vanished. Where in the world could he be?

1H ago

Weapons cache seized from Los Angeles home

A massive collection of more than 1,000 weapons were seized from a Los Angeles home. Aerial images showed a large variety of weapons poured across the home's driveway in Holmby Hills.

1H ago 00:33

Justine Damond's fiancé describes conversation minutes before her death

Don Damond says he wants police to learn from his fiancee's death in his first interview since a former police officer was convicted of killing her

8H ago

SpaceX cargo ship reaches space station

SpaceX delivers 5,500 pounds of equipment and supplies to the space station

May 6

SpaceX launches unpiloted cargo ship to space station

The Dragon is loaded with nearly 5,500 pounds of equipment

May 4

SpaceX confirms crew spacecraft destroyed in test mishap

Crew Dragon spacecraft was being prepared for in-flight test of emergency abort system when something went terribly wrong

May 2

Blue Origin launches rocket with NASA payloads

Company founded by Amazon CEO Jeff Bezos aims to send private citizens and scientists into space

May 2

SpaceX launch delayed by space station glitch

Faulty electronics box on the space station will be replaced using the lab's robot arm

Apr 30

Britain's royal great-grandchildren

Prince Harry's new baby Archie is the eighth great-grandchild for Queen Elizabeth and Prince Philip

19H ago 9 photos

Met Gala 2019: Red carpet looks

See what all your favorite celebrities wore to fashion's biggest night

May 6 80 photos

Dale Pike murder: Evidence photos in the case against Enrico Forti

In 1998, Dale Pike came to Miami to discuss a business deal with Enrico Forti — the next day he was dead, and Forti was the prime suspect

May 3 17 photos

Worst movie sequels since 2000, ranked

These are the lowest-rated sequels this century, according to Metacritic's rankings

Apr 30 51 photos

Private secrets shared via postcard

Since 2004, hundreds of thousands of anonymous contributors with something to get off their chest have sent postcards to the website PostSecret.com

Apr 28 32 photos

Popular

Shaq buys teen 10 pairs of shoes

When Shaquille O'Neil heard about a 13-year-old with size 18 feet, he could relate. So, Shaq surprised the young basketball player at his favorite shoe store and bought him 10 pairs of shoes.

updated 4M ago 01:38

Forgiving your brother's killer

The point of the The Restorative Justice Project is to help victims, but the carefully arranged meetings can change the lives of both the victims and the perpetrators. 60 Minutes reports, Sunday

updated 21M ago 00:34

Severe storms sweep through Southeast

Massive and destructive storms have flooded parts of Southwest and Gulf Coast, including the city of Houston. CBS News' Mireya Villarreal reports.

updated 4M ago 01:40

Denver votes to allow "magic mushrooms"

Denver voters narrowly approved a measure to decriminalize psychedelic mushrooms for adults. The unprecedented vote comes after the Denver Psilocybin Mushroom Decriminalization Initiative gathered enough signatures for the question to be added to the election ballot.

updated 57M ago 00:33

Weapons cache seized from Los Angeles home

A massive collection of more than 1,000 weapons were seized from a Los Angeles home. Aerial images showed a large variety of weapons poured across the home's driveway in Holmby Hills.

1H ago 00:33