Retail is one of the largest occupations in the U.S. with nearly 16 millionemployees, according to the Bureau of Labor and Statistics. The mean hourly wage of $13.20 is slowly rising, with companies like Amazon.comraising its minimum wage to $15 per hour and Target aiming to do the same by 2020.
Hospitality and service workers make up 17% of the workforce. It’s often transient work that comes with low wages for entry-level employees. Hospitality employers can offer better benefits to their workforce to address the specific needs of this employment group. Among service industry workers,only 42% had access to retirement benefits. Additionally, only half of those…