According to @charliebilello, Harvard Business School will teach Walmart’s turnaround as a success case this fall, spotlighting how labor investment translated into equity outperformance (source: @charliebilello). In 2015, Walmart raised wages for nearly half of its roughly 1 million hourly workers to address high turnover and low morale, and shares initially fell about 10% on the announcement, marking a short-term cost shock (source: @charliebilello). Since 2016, wages rose 48%, coinciding with a happier, more productive workforce, an improved shopping experience, and an approximately 450% surge in WMT’s stock price, illustrating a long-term re-rating after execution improved (source: @charliebilello). Trading takeaway: the data show an initial selloff followed by multi-year gains after operational gains materialized, so traders can use WMT as a historical analog when evaluating labor-investment headlines across retail peers, while noting the source mentions no cryptocurrencies and cites no direct crypto market impact (source: @charliebilello).