If you're interested in why and how Gap raised their minimum wage, you can read up on that here and here, but I've summarized some of the best points below.
Raising the minimum wage is the "right" thing to do, but it's also a smart thing to do, too! Here's why:
1. When the minimum wage is raised, it gives people more money to spend. That equals increased demand for goods, which equals more demand for jobs.
2. When the minimum wage is raised, companies (like Gap) can retain staff longer, which actually brings costs down. Training new people can get expensive when you have to do it a lot! Plus, they get to keep working with amazing people. Those amazing people get more job satisfaction.
3. When the minimum wage is raised, employees work harder and are happier. Everyone wins.
4. And who knows? Gap's story might inspire other companies to step up, too. If you’re interested in what is considered a living wage in your town, you can find out here.
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