Walmart CEO Doug McMillon announced plans today for the retailer to raise the minimum wage it pays to all hourly employees from $10 to $11. Walmart also plans to pay a one-time cash bonus of between $200 and $1,000 to all eligible employees while expanding its maternity and parental leave benefits. The changes will affect more than one million hourly associates in the U.S. Mr. McMillon credited the recent passage of a lower corporate tax rate by Congress and President Trump as the impetus for the retailer's largesse.