Originally published in Baltimore Business Journal
Wal-Mart Stores Inc. is raising the wages of over 17,000 workers in Maryland.
Through a national $2.7 billion investment, the retailer is increasing minimum wage for its workers in all states.
In Maryland, it will bump the minimum wage for full-time employees to $12.92 an hour, and part-time employees will see theirs increase to $10.61 an hour. The increases are set to be in place by February.
Walmart (NYSE: WMT) announced an initial round of raises in February of this year, which made the minimum wage $9 in April. In July, the company announced another increase for associates in specialized positions.
Workers across the U.S. hired prior to Jan. 1, 2016 will see their wages rise to at least $10 an hour. Any workers hired after the first of the year will start with a wage of $9, and it will bump to at least $10 per hour if the employee completes a new training program.
The raises will push Walmart’s minimum wage past Maryland's mark of making the minimum wage $10.10 an hour by 2018. Before this announcement, the company’s wage would have been below that threshold.