Walmart to raise minimum wage to $10 an hour

FILE - In this May 16, 2011 file photo, the Wal-Mart logo is displayed. (AP Photo/Seth Perlman, File)

It's an especially happy Friday for more than a million Walmart workers across the country.

They're getting a pay raise starting Friday. The company is raising its minimum wage from $9 to $10 an hour.

The pay bump affects the majority of its 1.4 million workers.

Walmart says the pay raises will cost the company an extra $1.5 billion this year.

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