Gap Inc. Joins Other Large Employers Setting Stage for Federal Minimum Wage Increase.
Citing its “Do More” employee initiative, Gap Inc. announced it would increase the minimum hourly rate for 65,000 U.S. employees to $9 in 2014 and to $10 in 2015. About 72% of its employees in stores, calls centers and distribution centers will receive the increased rate.
The move will affect workers across Gap Inc. divisions, including: Gap, Old Navy, Banana Republic, Athleta, Piperlime and Intermix.
In addition to Gap Inc., other large employers such as Costco, Whole Foods, and In-N-Out Burger also have announced similar measure to voluntarily increase the wages of minimum wage workers. Walmart Stores Inc. is also considering a wage increase. With has 1.3 million U.S. employees, Walmart is the largest private-sector employer in the U.S.
“In my State of the Union address, I asked more businesses to do what they can to raise their employees’ wages. “I applaud Gap Inc. for announcing that they intend to raise wages for their employees beginning this year.”
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