Does a Minimum Wage Hike Threaten Retailer JC Penney?
February 13, 2013 at 17:54 PM EST
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:
