advertisement continue reading the main story “ sometimes we do n’t get it all right , ” mr. mcmillon said in the video .
walmart ’s experiment holds some surprising lessons for the american economy as a whole .
productivity gains have been less rosy .
pressure from investors on the morning of feb. 19 , 2015 , walmart ’s 1.2 million employees across the united states gathered — many in front of their stores ’ vast walls of televisions for sale — to watch a video feed by their chief executive .
” what most store employees probably did n’t know was that mr. mcmillon and his executive so far , higher pay is hurting the retailer 's profits .
will the investments turn out to be the beginning of a change in how walmart is ultimately whether that short - run hit makes the company a stronger competitor in the long run .
something 's gon na give .
so far , higher pay is hurting the retailer 's profits .
but there is sound economic theory behind the idea .