Why a Higher Minimum Wage Doesn’t Always Equal a Bigger Paycheck for Retail Workers

The same day Walmart announced that it would raise its hourly minimum wage from $10 to $11 last January, it also announced — with much less fanfare — plans to lay off nearly 10,000 workers.  The cuts came with the closure of 63 of the retailer’s then-660 Sam’s Club stores, part of its efforts to streamline...