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Walmart CEO backs higher federal minimum wage

June 7, 2019

McMillon spoke amid heightened public attention around Walmart’s shareholder meeting due in part to the presence of presidential candidate Sen. Bernie Sanders, I-Vt., who also spoke at the event, according to a reports from NPR and other media outlets.

Sanders and others have pressured large employers like Walmart to raise their hourly minimum wage to $15 an hour. But Sanders called the retailer out specifically by co-introducing a bill in 2018 titled the Stop Welfare for Any Large Monopoly Amassing Revenue from Taxpayers (Stop WALMART) Act. The bill would prohibit large employers from buying back shares of their stock unless they make concessions, which included paying workers a $15 hourly minimum and increased paid time off.

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