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Gap Raising Minimum Wage To $10 Next Year
http://www.huffingtonpost.com/2014/02/20/gap-minimum-wage-raise_n_4822172.html
Gap Raising Minimum Wage To $10 Next Year
(Reuters) - Apparel retailer Gap Inc said it would raise the hourly pay for its U.S. employees to $9 in June 2014 and $10 in June 2015, after the White House said the minimum wage for federal contract workers would be raised to $10.10 an hour in 2015.
Gap, owner of Old Navy, Banana Republic and Gap apparel chains, said the increased pay will benefit about 65,000 store employees.
"I applaud Gap for announcing that they intend to raise wages for their employees beginning this year," U.S. President Barack Obama said.
Separately, Wal-Mart Stores Inc , the largest private employer in the United States, said it remains "neutral" on the issue of the federal minimum wage order of at least $10.10 per hour as it already pays most full-time employees above that level.
"We are looking into the impact that this proposal will be on our business," Wal-Mart spokeswoman Brooke Buchanan told Reuters on Wednesday. "We remain neutral. Our position has not changed."
Gap Raising Minimum Wage To $10 Next Year
(Reuters) - Apparel retailer Gap Inc said it would raise the hourly pay for its U.S. employees to $9 in June 2014 and $10 in June 2015, after the White House said the minimum wage for federal contract workers would be raised to $10.10 an hour in 2015.
Gap, owner of Old Navy, Banana Republic and Gap apparel chains, said the increased pay will benefit about 65,000 store employees.
"I applaud Gap for announcing that they intend to raise wages for their employees beginning this year," U.S. President Barack Obama said.
Separately, Wal-Mart Stores Inc , the largest private employer in the United States, said it remains "neutral" on the issue of the federal minimum wage order of at least $10.10 per hour as it already pays most full-time employees above that level.
"We are looking into the impact that this proposal will be on our business," Wal-Mart spokeswoman Brooke Buchanan told Reuters on Wednesday. "We remain neutral. Our position has not changed."
Go Gap (and Old Navy/Banana Republic)