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(AP Photo/J Pat Carter)

(Bloomberg Business) — Wal-Mart Stores, the world’s largest private employer, this morning announced plans to start paying all U.S. employees at least $9 an hour. Current employees will make $10 an hour by next year, as will new employees who complete a six-month training course. For a company that’s long been praised for low prices and slammed for low wages, that’s a dramatic change.

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