Retail sales were nearly flat in April, according to the Commerce Department. Matthew Shay, chief executive of the National Retail Federation, says he hopes it’s “just a temporary seasonal fluctuation,” but the reality is consumers don’t have enough money to keep buying. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs - 42 million working Americans – and it’s among the industries responsible for most of the nation’s job growth. But the National Retail Federation has come out against raising the minimum wage. It’s also against the President’s directive to strengthen overtime protections for millions of workers, and against extending jobless benefits to the long-term unemployed. All these would put more money in consumers’ pockets, and fuel retail sales. Obviously, the National Retail Federation has no idea what’s good for American retailers.
Posted on: Wed, 14 May 2014 13:30:43 +0000
Recently Viewed Topics