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More retailers boosting U

Some of the nation largest retailers Gap, Ikea, and Wal Mart, among others have already raised their company minimum wages. Today, another major retailer joined the club, reinforcing the larger trend [edited, see update below].

Less than a week after Wal Mart announced that it would raise wages for 500,000 employees to $9 an hour in April, off price retailer TJX said in its fourth quarter earnings report that it, too, will boost pay. employees will earn at least $9 an hour starting
fake Michael kors handbags outlet in June. workers who have been with the company for six months or more
cheap Michael Kors handbags will earn at least $10 an hour.

Remember, as
cheap Michael Kors outlet was the case with Wal Mart, this is a done deal it a private sector move, which will occur regardless of Congress’ wishes.

In terms of the broader economy, anytime one announcement means a half million Americans are going to have a bigger paycheck, that
fake Michael Kors encouraging news, but there a larger takeaway from these developments that even more heartening.

As Danielle Kurtzleben noted after the Wal Mart news last week, announcements like these from
replica Michael Kors handbags major retailers
replica Michael Kors handbags offer fresh evidence of an improved labor market.

After all, one of the closest watched indicators in recent monthly job reports has been hourly wages. If those tick up, it a sign that the labor market is tightening, and that employers have to raise wages to hold onto or attract the talent they want. Last month, the jobs report showed that
Cheap Michael Kors handbags pay is already increasing, with average hourly wages jumping by 12 cents, the biggest jump in nearly eight years.

Walmart announcement signals that the company wants to keep attracting good talent and doesn want to lose its workers to competitors which in turn signals that there increased competition to get good workers.

Right, and as Wal Mart looks for an advantage against its competitors, TJX moves to keep up, so it lifting wages, too. Their rivals
Michael Kors handbags outlet will feel pressure to do the same, and so on.

It discouraging to know many Americans will continue to work at the federal minimum of $7.25, and won benefit directly until the Republican led Congress is either replaced or changes its mind, but the broader trend is clearly moving in the right direction.

Update/Correction: The second paragraph originally suggested GOP lawmakers might somehow disapprove of private sector businesses raising their own workers’ wages, which was a foolish way to put this. Obviously, Republican lawmakers, like everyone else, want businesses to raise wages whenever they want to raise wages. I edited the above text accordingly.Articles Connexes:

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