New York - Walmart, the largest retailer in the United States, is increasing wages, and economists are hoping to see a chain reaction.
Barack Obama rarely comments on a single company's earnings report, but retailer Walmart made news this month when it announced raises for hundreds of thousands of workers along with its earnings.
The US president observed that Walmart had joined other companies raising wages, "not just because it's the right thing to do, but because it's good for business."