President Obama’s State of the Union proposal to raise the federal minimum wage to $9 an hour has the retail industry on edge and fast food stocks struggling.
During Tuesday’s address to Congress, the president pointed out that a full-time worker on minimum wage makes just $14,500 a year. That places him or her below the poverty line for an adult supporting even one child.
“Tonight, let’s declare that, in the wealthiest nation on Earth, no one who works full time should have to live in…
Retail, Fast Food Industries Not Thrilled With Obama’s Minimum Wage Push originally appeared on DailyFinance.com on 2013-02-13T17:17:00Z.
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