Jan. 24 (UPI) -- Retail giant Walmart will raise the minimum wage for its employees to $14 an hour, according to CEO John Furner in a memo posted to the company's website Tuesday.
"Starting next month, we'll begin investing in higher wages for associates," reads the text of the memo from Furner. "We expect these raises will bring our U.S. average hourly wage to more than $17.50. They'll be reflected in March 2 paychecks."