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The Guardian

Walmart cuts workers’ hours but increases workload as sales rise amid pandemic

Walmart is estimated to save around $2.2bn annually from the tax cut bill. Before the bill was passed, Walmart announced plans to spend $20bn over the next two years on stock buybacks. Ken Jacobs, the chair of the University of California at Berkeley Labor Center has estimated it would cost Walmart $3.8bn to increase their minimum wage to $15 an hour, the level being lobbied for by the Fight for $15 movement, Senator Bernie Sanders and others.