“While Washington D.C. bickers, the Gap (GPS) effectively raised its own minimum wage to $10 an hour. The company says the wage increase will impact 65,000 of its employees in the U.S. and will be phased in over the next two years.”
Conventional conservative wisdom would predict that The Gap is about to go belly up.
But maybe, just maybe, those employees can sign up with the ACA and give up one or two other jobs for the unemployed to take. An additional benefit will be that the increased income will allow many of these employees to leave the taxpayer supported safety net. 65,000 consumers with more cash to spend will certainly be an overall job creator.