Sam's Club, owned by Walmart, is increasing wages for nearly 100,000 frontline workers to improve retention and competitiveness in the retail sector. Starting in November, the minimum wage will rise from $15 to $16 per hour, with additional pay increases between 3% and 6% based on tenure. The average hourly wage is expected to exceed $19, excluding bonuses. This move aims to provide more predictable and meaningful financial futures for employees, enhancing their overall job satisfaction and reducing turnover. The pay raise is part of a broader strategy to compete with rivals like Costco, which recently raised its starting wage to $19.50 per hour.