Obama’s Gap Visit Aside, Most Retailers Say They Will Cut Hiring if Minimum Wage Hiked

President Obama, in rewarding Gap for its decision to raise minimum wage for its store workers, paid an unexpected visit to one of its namesake stores in New York on Tuesday, reportedly spending about $150 for the First Lady and their daughters. However, the shopping trip to drum up support for his minimum wage hike call to $10.10 from $7.25 may not do much to change most retailers' thinking on the issue. Despite Gap's move to raise minimum wage for its 65,000 workers, most retailers have chosen to stay on the sidelines to