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Walmart Criticized For Blaming Lower Profits On Increased Wages

Date: November 2, 2015 | Categories: Hunger / Poverty / Inequality, News, News,

Source: Foot Wear News Wal-Mart Stores Inc. is under fire after lowering its profit expectations last week and attributing much of its gloomier financial outlook to wage hikes for its workers. An ongoing campaign, Making Change at Walmart (MCAW), backed by the United Food & Commercial Workers union, says the company’s explanation for its slumping profits is “just a fairy tale.” “It is …