08/21/2010 05:12 am ET Updated May 25, 2011

Wal-Mart Offers To Pay Chicago Employees $8.75-An-Hour, Wants To Build Dozens Of Chicago Stores

Wal-Mart offered Monday to pay its Chicago employees a minimum urban wage of $8.75-an-hour to break the stalemate that has stalled its $1 billion plan to build "several dozen" Chicago stores over the next five years.

After six years of stonewalling labor's demand that Wal-Mart pay its employees a "living wage," the world's largest retailer yielded to pressure from Mayor Daley to establish a new standard for Chicago.

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