The Limited Times

Now you can see non-English news...

Growth saved by American consumption


DECRYPTION - Activity rebounded at the end of 2022 in the United States. The rise in wages is supporting household purchases.

Washington Correspondent

To discover

  • Pension reform: calculate the age at which you will finally leave

Walmart, the distribution giant, with its 1.6 million employees, is the largest private employer in the United States.

Also, each of its decisions can both have an impact on the country's economy, set trends or sometimes reflect them.

However, the group has just announced an increase in the minimum wage for employees of its hypermarkets to 14 dollars per hour.

The decision affects 21% of the group's staff in the United States, especially those who restock the shelves and welcome customers.

On average they will earn, from the month of March, 17 dollars per hour, which corresponds to an increase of 17%.

Mirroring what is happening at Walmart, as the worst inflation in the United States in over forty years traumatized Americans throughout the past year, wage increases have clearly saved consumption.

In a country where 70% of gross domestic product (GDP) comes from spending…

This article is for subscribers only.

You have 82% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month


Already subscribed?


Source: lefigaro

All news articles on 2023-01-26

You may like

Business 2023-01-02T11:52:52.387Z
Life/Entertain 2023-01-20T17:19:32.909Z

Trends 24h

News/Politics 2023-03-27T12:30:21.526Z


© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.