Recent jobs data indicate that transportation and warehousing are some of the rare sectors where wage growth is keeping up with inflation

The median salary for truck drivers with an irregular route is $53,000 a year, compared to $86,000 for drivers on a private fleet, like Walmart’s, according to the latest survey from the American Trucking Associations.

(Photo by Scott Olson/Getty Images)

Walmart is turning heads with a pledge to pay its truck drivers up to $110,000 a year in their first year, double the salary of what some other drivers are making.

At a time when the job market is tight and consumer demand is high — the Consumer Price Index hit 7.9% in February — Walmart’s WMT announcement is another sign of the lengths employers are going to attract and retain workers.

More…

Read Next