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Wal-Mart raises pay, finds loop hole for overtime pay

According to Arkansas Democrat Gazette, Wal-Mart Stores Inc. has increased salaries for entry-level managers, making them ineligible for overtime pay when a new Labor Department regulation takes effect later this year.

Employees who were being paid $45,000 annually will be paid $48,500 after receiving raises in September, according to Wal-Mart spokesman Kory Lundberg.

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