Walmart’s CEO Calls on Congress to Boost Minimum Wage

Calling the current $7.25 minimum wage “too low,” Walmart Chief Executive Officer Doug McMillon said Wednesday it’s “time for Congress to put a thoughtful plan in place” to boost it. Walmart has raised its starting wage several times in recent years to the current $11 an hour, but that’s still below rivals like Target Corp. and Costco Wholesale Corp.