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Wal-Mart urges hike in U.S. minimum wage: But unlikely to boost own pay scale, CEO says.

The America's Intelligence Wire

| October 26, 2005 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Post)

NEW YORK - Wal-Mart Stores Inc. chief executive H. Lee Scott has urged Congress to raise the minimum wage, saying the company's customers "are struggling to get by."

"The U.S. minimum wage of US$5.15 an hour has not been raised in nearly a decade and we believe it is out of date with the times," Mr. Scott said in a speech Monday to company executives. "Our customers simply don't have the money to buy basic necessities between paycheques." He also outlined a new health plan for employees and several energy conservation initiatives.

Mr. Scott said Congress should take a "responsible look" at the wage to help working families. Wal-Mart's pay and benefits have been criticized…

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