CVS raises minimum wage for workers to $11, credits Trump tax cuts
CVS will raise the minimum wage for its workers to $11 an hour beginning in April, matching a move made by Target in the fall and Walmart in January. Citing tax savings created by the Tax Cuts and Jobs Act, the company said it will also adjust pay ranges and rates for many retail pharmacy technicians,…
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Larry Merlo, the CEO of CVS, makes about $9,000 an hour.
https://www1.salary.com/Larry-J-Merlo-Salary-Bonus-Stock-Options-for-CVS-HEALTH-CORP.html
Does any thinking person believe ANY tax cuts or raises or dividends would be happening today if the “evil one” had won??? Please, stop with the class warfare. It is way too old. As is the constant, divisive race card..enough..
@ Dirty Hippie – so what? Why would that matter regarding the minimum wage for unskilled entry-level workers? Are you suggesting somehow that everyone should earn the same amounts? Do you not see the difference between a CEO charged with the responsibility of tens of thousands of workers, and the operation of The entire operation compared to someone who stacks shelves? Liberals are so clueless when it comes to how capitalism works and the importance of rewarding people with advanced skills and knowledge. History is full of examples of people who start out at the very bottom and work their way up to the top. Any worker who is making minimum-wage has that same opportunity to work their way up the ladder ,although Democrats are doing their best to take that away from everyone.
@Dirty Hippie – so what? What is your point? Why would that matter in relation to the minimum wage for unskilled, entry level workers? Are you suggesting somehow that everyone earn the same amount? Do you not see the difference between a CEO with enormous responsibility and pressure who has the fate of thousands of employees, stockholders and an organization worth millions in his hands compared to someone who stocks shelves? Liberals are so clueless as to how capitalism works and the importance of rewarding people with advanced skills and knowledge. History is full of examples of people who start out at the very bottom and work their way up to the top. Any worker who is making minimum wage has that same opportunity to work their way up the ladder although liberal Democrats are doing their best to take that away from everyone.