Minimum-Wage Debate Prods U.S. Retailers to Strategize
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Even before it comes to a vote, retailers like Gap Inc. and Wal-Mart Stores Inc. are weighing the benefits of a proposed increase in the U.S. minimum wage.
Gap, the largest clothing-focused chain in the U.S., announced plans to boost the hourly wages of its workers to $10 by next year, getting out ahead of a potential federal increase. The change will affect 65,000 workers, the San Francisco-based company said, drawing praise from President Barack Obama.