I posted this elsewhere but want to post again so more see it. Let's take a look at the last wage increase:

Starting in 2015, Walmart was supposed to complete a 2-phase, $2.7B wage increase through 2016. But from YE 2015 to YE 2017 wages only went from $4.9B to $6.1B (+$1.2B). Most of that was in 2015 (+.9B). The second-phase in 2016 was the hourly wage increase but in 2016 wages only went up +.3B ($300 Million) for the entire year.

I realize a lot of people will look at $300 million and think that is a good number. First off, inflation was 2.2% so you can knock that number down to only being $200 million above inflation meaning the actual quality of life improvement for their employees. Next consider that the high-end executives of WMT usually see a $5+ million increase in their pay year-to-year so being conservative we are at about $195 million for the minions. Now spread that over 1 million employees who work the stores and on average everyone receives about $19.50 extra last year. And where did this extra amount come from? Well last year they had 1.2 Million employees and this year at the same time they have 1.1 Million. If you assume those 100K workers made $9/hr working 30 hours/week you could cut them for a savings of $27 Million. The remaining 1 million employees should then see a wage increase of $27. But instead it was $19.50 because Walmart took back the $7.50/employee to pad the stockholders' pockets.

Don't for one second trust that this is a positive for the American worker.