Why Walmart is paying new hires at lowest possible hourly wage

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Walmart (WMT) has changed its pay structure for new employees. Entry-level workers including cashiers, stockers, and online grocery personal shoppers, will each be making the same pay at the lowest possible hourly wage. Certain higher-skilled, entry-level positions at the company will still pay more including the bakery, deli, and auto care center. 

Yahoo Finance Reporter Brooke DiPalma discusses why Walmart changed its pay structure.