By Frank Olito
Boston Globe, March 13, 2014
CAMBRIDGE—US Secretary of Labor Thomas Perez on Thursday met with local business owners to further urge Congress to increase the federal minimum wage, arguing it would help companies attract and retain workers, and lead to greater productivity. ...
Perez spoke with [eight] local business owners who pay their workers more than minimum wages. They included the owners of Cambridge Naturals, Michael Kanter and Elizabeth Stagl, who pay their employees $11-$15 an hour.
In a roundtable discussion, the business owners told Perez that paying higher wages not only helps the local economy, by giving workers more to spend, but also helps them attract and retain quality workers.
“Retention is everything,” Stagl said. “The brain drain when someone walks out that door is enormous. The goal is to retain people.”
Copyright Boston Globe 2014