Presidents statement regarding GAP’s decision to raise min. wage - ABC6 - Providence, RI and New Bedford, MA News, Weather

Presidents statement regarding GAP’s decision to raise min. wage

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By Gilannie Pangburn

gpangburn@abc6.com

Twitter: gilanniej05

The clothing chain GAP which includes Banana Republic and Old Navy says they will raise minimum wage for their U.S. employees to $10.00 in 2015.

The company will raise the minimum wage for their workers to $9.00 beginning this year and by 2015 it will be $10.00. Gap states the increases will affect about $65,000 store employees.

President Obama released the following statement regarding GAP's decision to raise minimum wage.

"In my State of the Union Address, I asked more businesses to do what they can to raise their employees' wages.  Today, I applaud Gap, Inc. for announcing that they intend to raise wages for their employees beginning this year – a decision that will benefit about 65,000 workers in the U.S.  As a chief executive, I've required federal contractors to pay their employees a wage of at least $10.10 an hour, and more states are taking steps to raise their minimum wage as well.  But only action from Congress can make a difference nationwide.  Right now, there is a bill in front of both the House and the Senate that would boost America's minimum wage to $10.10 an hour, and lift wages for more than 16 million workers – all without requiring a single dollar in new taxes or spending.  It's time to pass that bill and give America a raise."

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