PBS NewsHour

What the new tax law means for large retailers

Clip: 01/13/2018 | 3m 57s

This week, large retailers made announcements following the recently passed tax cuts. Walmart raised salaries for hourly workers to $11 per hour and announced one-time bonuses to 1,000 eligible employees, but it also announced the closure of 63 Sam’s Club stores and replacement of 3,500 store managers with lower-paid positions. Michael Corkery of The New York Times joins Hari Sreenivasan for more.

Aired: 01/13/18

Rating: NR

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