Minimum Wage Hike Rattles Retailers, Teen Sector Vulnerable
Facing the first increase in the federal minimum wage rate in a decade, retailers are scrambling to manage the impact on payroll costs and profits. And it could be substantial.
From This Issue
Executives from the European Apparel & Textile Organization said last week that the end of quotas this year on imports of certain categories from China was expected to put the European industry at a disadvantage compared with the U.S., where quotas…