GAP INC. - Announces a wage increase!

[Agschmid]

http://bananarepublic.gap.com/Asset_Archive/BRWeb/content/0007/702/228/cn7702228.html

CEO Glen Murphy:

It is with this tenet in mind that I'm pleased to announce that, after many months of consideration, we've made a business decision that's right for our brands, good for our people and beneficial to our customers.

Early this morning, we notified all our employees that starting here in the U.S., Gap Inc. will make a strategic investment to do more for our employees by increasing the minimum hourly rate for our employees to $9 in 2014 and $10 in 2015. This will ultimately benefit about 65,000 store employees.

To us, this is not a political issue. Our decision to invest in frontline employees will directly support our business, and is one that we expect to deliver a return many times over.

[Pisces]

1. It is the right thing to do and Obama should get the credit for leading the charge!!!

[Agschmid]

4. +1

[madokie]

10. Damn straight he should

[DireStrike]

14. "leading" right behind the fast food workers, socialists and others

who have been pushing this for the past few years.

Not to be entirely pessimistic. There is a clear message from the fact that on-the-ground activists yet again find certain groups laying claim to their struggles - a hopeful one.

[Armstead]

2. Um this is a joke right?

Making a big deal of raising wages to $9 an hour...and eventually $10?

What do they pay now? $3?

[DonViejo]

6. Minimum wage...

http://www.ncsl.org/research/labor-and-employment/state-minimum-wage-chart.aspx

[Armstead]

7. I'm aware of the minimum wage. But in this case...

....It just seems like making a big deal out of not much from a big company that has not always been an exemplar of support for the American workforce.

[Agschmid]

8. Hey maybe this will be the new "thing"...

If this is a new trend I am onboard!

[ohheckyeah]

9. Would a $70 a week raise

be a joke to you? How about the $40 a week raise in 2015? It wouldn't be a joke for most people.

[Pisces]

11. The only joke is your negativity. This Co. Didn't have to raise their pay, they just

Took Obamas lead and did the right thing. I hope other companies decide to joke around in the the same manor.

[Agschmid]

13. +1

[Warpy]

3. Well, so much for turnover

People who get those jobs are going to work hard enough at them that they'll be able to keep them.

[ohheckyeah]

5. Good for them. n/t

[btrflykng9]

12. Good start, hopefully we can soon edge it up to $15/hr n/t