A number of states and cities have issued minimum wage hikes in the past couple of years. With minimum wage hikes starting to gain momentum, Goldman Sachs analyst Matthew Fassler addressed the issue every investor has on his or her mind: Which companies could be hit hardest by a potential federal minimum wage of $15/hour?
“Those paying relatively low wages and serving high-income customers unlikely to feel a bump from minimum wage hikes are most exposed, while those paying higher wage rates while serving relatively low-income consumers are best-positioned,” Fassler explains.
Fassler gave a rundown of the retailers that are most and least-exposed to…
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