Cbo

Science & Technology

Gap Raises Minimum Wage as Walmart Mulls a Hike of Its Own

Gap announced that it would increase the minimum hourly rate for stateside employees to $9 in June, and then again to $10 exactly one year later.

By Geoff Weiss
Growing a Business

CBO Says Raising Minimum Wage Will Lead to Job Cuts

A hike in the minimum wage could lead to as many as half a million job cuts, according to the nonpartisan analysis.