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The Walton family isn't a family that has given me much faith though. They have a history of screwing over associates so they can have a greater benefit. For example, during the first quarter of each year, stores are told that they must cut labor costs so severely that many part-time associates go from working 32 hours each week to as low as 12 hours a week. I understand that Q1 has a tendency to be a slow time for retail companies, but many of Walmart's competitors don't cut labor costs nearly that much. I have a strong feeling that with these new company-wide raises are actually just a PR scheme that will get the media off of Walmart's back for a while. I wouldn't be at all shocked if the company did away with annual evaluation raises, cut the level pay differential, did away with quarterly bonuses, or cut insurance benefits in order to prevent the Walton's from "losing" too much money.
With that said, I could be wrong, the raise in minimum pay could actually be a good thing. It might not just be a PR scheme. The Walton's may have actually realized that forcing associates into federal assistance programs when they're the richest family in the world is highly unethical. Who knows? I guess time will tell.