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HCN Stock Watch: Weekend gains for USG and UFPI

BY HBSDEALER Staff

USG and Universal FP (UFPI) both fared well heading into the weekend with a 4.72% and a 3.78% gain, respectively.

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Industry Dashboard for Sept. 9, 2013

BY HBSDEALER Staff

The “Consumer watch” section of the Industry Dashboard shows confidence slightly gaining and unemployment holding steady. Stocks are paced by Lowe’s performance.

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Readers Respond to living-wage bill

BY HBSDEALER Staff

As the living-wage bill makes the rounds in Washington, D.C., HCN readers embrace a right-to-work attitude.

The mayor of Washington, D.C., is considering a proposal that hike the miminum wage in the district for big retailers. 

The plan calls for a $12.50 minimum wage – well above the current $8.25 – for employees of companies with $1 billion or more in sales and stores measuring at least 75,000 square feet. 

Here’s how HCN readers weighed in:

“I would wager most independents are paying close to if not more than this now for their frontline people. It would be an interesting comparison.”
— Tom

“Electing people that insist on incredible largess seems to be the trend these days. Wages are a function of the marketplace, not government. 

“If enacted, how will this added burden on brick & mortar retailers affect the consumer’s desire to purchase more products from online sellers, who are unencumbered by the added cost?”
 — Michael Slauson

“I have always felt that wages should be based on mutual agreement between employer and employee — not mandated by an enforced “minimums” structure.”
— Charles Mott
 

 

 

 

 

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