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Solved by verified expert:In February 2015, Walmart announced that it is increasing wages to just over $10 an hour for all employees. This wage is now substantially higher than the federal minimum wage but still below the $15 an hour rate recommended by many labor activist groups. Review the following information on the recent wage changes:In Letter to Associates, Walmart CEO Doug McMillon Announces Higher Pay. The captioned version of this resource can be found here.What You Should Know About Walmart’s RaiseWalmart Lifts Its Wage Floor to $9 an HourIn the paper, respond to EACH and all parts of the following questions below:Do you think Walmart raised wages because of supply and demand in the labor market or because of the pressure of labor activist organizations? Explain your reasoning.Do you think Walmart should raise wages to $15/hour to match what labor activists are calling for? Why or why not?Should the government raise the minimum wage and if so, to what level? Please support your answer.The following critical elements must be addressed in the paper:Main Elements. You have addressed all of the questions in the assignment.Inquiry and Analysis. You show an in-depth understanding of the concepts covered in the assignment.Critical Thinking. You have articulated a clear conclusion based on strong rationale.Research. You have incorporated at least two outside references into the assignment.Paper must be submitted as a 2–3-page Microsoft Word document with double spacing, an abstract, 12-point Times New Roman font, one-
inch margins, and at least three sources cited in APA format.

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