Retailers Could Feel Wage Pinch

WASHINGTON The anticipated hike in the minimum wage has many food retailers concerned about higher labor costs, but some retail leaders polled by SN last week said the proposed increase will have little impact and may even be beneficial as low-income shoppers gain spending power. As one of the first initiatives undertaken by the newly elected Democratic Congress, the federal minimum wage would rise

WASHINGTON — The anticipated hike in the minimum wage has many food retailers concerned about higher labor costs, but some retail leaders polled by SN last week said the proposed increase will have little impact and may even be beneficial as low-income shoppers gain spending power.

As one of the first initiatives undertaken by the newly elected Democratic Congress, the federal minimum wage would rise to $7.25 in three steps over the next two years from its current level of $5.1

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