Gap increases its minimum hourly wage


Gap (GPS) tells its employees that it will use a rate of $9 per hour as its lowest wage and move to $10 per hour next year.

The move will affect 65K of the company's employees and comes amid national debate on the minimum wage laws.

From other sites
Comments (3)
  • Tschurin
    , contributor
    Comments (380) | Send Message
     
    I wonder how much Gap pays the people in developing countries who make many of the clothes?
    20 Feb 2014, 08:54 AM Reply Like
  • youngdub774
    , contributor
    Comments (152) | Send Message
     
    They don't pay them anything, they don't own the factories in those countries.
    20 Feb 2014, 01:05 PM Reply Like
  • Tschurin
    , contributor
    Comments (380) | Send Message
     
    Yes, GAP probably don't own them directly but that doesn't mean it doesn't exercise significant influence over how much the workers are paid.
    21 Feb 2014, 10:02 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs