America’s largest company launches a new initiative to help the retail industry close the skills gap that keeps Americans unemployed. 
One week after announcing plans to increase the pay of low-wage workers to at least $9 an hour, Walmart is delivering more good news on the job front: The company will donate $16 million to seven non-profit groups focused on helping entry-level U.S. workers in retail and related industries.
The grants are part of a five-year, $100 million commitment to work toward closing the skills gap between America’s workers and prospective employers.
“The education-to-employment system is broken,” says Walmart Foundation president Kathleen McLaughlin, who will unveil the new initiative Thursday morning at the National Opportunity Summit, a conference in Washington D.C.
Chosen excerpts by Job Market Monitor. Read the whole story at Walmart pledges $100 million to boost jobs – Fortune.
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