By: Benzinga
Does a Minimum Wage Hike Threaten Retailer JC Penney?
President Obama announced plans to increase the federal minimum wage in his State of the Union address Tuesday night. Obama suggested a 24% increase in minimum wage, from $7.25 to $9.00 per hour. As one of the largest employers of minimum wage workers in the country, J.C. Penney (NYSE:
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