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T.J. Maxx Owner Lifts Worker Pay, Following Wal-Mart

Wall Street Journal (02/25/15) Chelsey Dulaney

TJX Cos., the parent of T.J. Maxx, Marshalls, and HomeGoods, announced yesterday that it will increase the pay of its U.S. hourly employees to $9 an hour by June. In 2016 employees who have been with the company for at least six months will be paid $10 an hour. The move follows similar decisions by Wal-Mart Stores Inc., Starbucks Corp., and Aetna Inc. to boost their hourly pay and suggests a potential turning point for wages, which have been stagnant since the recession.