The federal government isn't the only one raising its minimum wage for workers. The Gap, along with a few other retailers, is planning on increasing its minimum hourly rate for 65,000 workers.
The Gap announced on Thursday that it plans on raising its minimum hourly rate to $9.00/hr by end of this year, and $10.00/hr by the end of 2015.
Gap Chief Executive, Glenn Murphy, stated "To us this is not a political issue. Our decision to
invest in our frontline employees will directly support our business,
and is one that we expect to deliver a return many times over.”
Other private companies are also discussing the possibility of raising their minimum hourly rate by 2015. More to come on this interesting issue.
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