Retail News

Businesses consider responses to higher federal minimum wage

The Wall Street Journal 11/12/2020

President-elect Joe Biden has proposed increasing the federal minimum wage to $15 an hour by 2026, up from the current $7.25. Employers of low-wage workers are looking at the possibility of passing along higher prices to customers, cutting employee hours and automating more tasks as responses to rising payroll costs.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!