Analysis: Walmart pay hike wins plaudits, and pans

New York -- On Thursday, in a move that could shape the minimum wage debate, Walmart announced it was raising the minimum wage of its employees to $10 per hour, which is significantly higher than the Federal minimum wage. The news has met with a mixed reaction.



Here's a sampling:



CNBC reports that Wall Street gives Walmart a big thumbs down for the news.



The Wall Street Journal says Walmart's action will have lasting repercussions for other retailers.



The Daily Beast says the news is nowhere near as good as headlines suggest.



Forbes says the motive behind Walmart's move could help determine minimum wage laws.



The National Retail Federation applauded the move, suggesting it shows there is no need for a hike in the Federal minimum wage.



Politico writes that Walmart's decision doesn't really affect that many of its workers.