TJX to Raise Minimum Hourly Wage to $9

TJX Cos. said it would increase the minimum hourly wage of employees in 2,500 stores to $9, joining a growing number of U.S. retailers raising the pay for workers at the lowest end of the pay scale. TJX, which operates T.J. Maxx and Marshalls chains in 49 states, follows Wal-Mart and Gap in boosting their pay well above the federal minimum wage of $7.25 an hour.