Goldman Claims Formula to Determine When Minimum Wage Hike Hurts or Helps Certain Stocks

The fight over a minimum wage hike currently being waged across the U.S. will create winners and lowers as well as a potential relative value trade. A Goldman Sachs report notes that, with interest in the issue building, there is a formula to determine what stocks might benefit from a boost in the minimum wage. Even before a federally mandated minimum wage, wages are rising around the world As if perhaps identifying a strong and persistent trend, Goldman equity analysts Matthew Fassler, Stephen Tanal, Karen Holthouse, Taposh Bari and Lindsay Crucker Mann note wages are going up around the country…