A wage war could be brewing between some of the nation’s largest retailers. Less than a week after Walmart announced that it was raising its minimum wage, the parent company of TJ Maxx stated it would raise its starting minimum wages too. Many hourly workers will receive $9 an hour, and while that may be good news for workers in big money companies could small business compete with the higher wages? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, discusses how companies like Walmart are aiming for the $15 an hour mark how can small business compete with these kinds of wages.
