By Daphne Howland
Retail Dive, November 5, 2014
Dive Brief:
Despite a strong showing by Republicans, who often oppose minimum wage hikes and sometimes minimum wages at all, voters across the country approved minimum wage increases in a midterm election year. ... Experts told CNBC that there could also be a shift in attitude among Congressional Republicans regarding a minimum wage hike, but that it would likely be tied to tax reform.
Dive Insight:
President Barack Obama has kept pressure on the idea of raising the minimum wage, and the issue has gained traction in an era when many experts see the nation’s income gap as a damper on consumer spending and the economy as a whole. The president has highlighted the living-wage policies of retailers like Costco, and retailers like Gap Inc. have announced new higher-wage policies. ...