Op-Ed by Tom Dretler and Kip Hollister
Boston Herald, Dec 28, 2013
For the future of Massachusetts, the move by state Senate President Therese Murray (D-Plymouth) to hike the minimum wage to $11 per hour comes not a moment too soon.
As business executives and owners, we are sensitive to every factor that influences our ability to grow our businesses. No matter what some may claim, it’s horrifically shortsighted, as well as bad for business, to pay for work at a minimum wage that is far too low. When society sets the minimum price of a day’s work below what is needed for a family to make ends meet, the economic basis for business growth disappears. ...
Tom Dretler is co-founder and CEO of Shorelight Education. Kip Hollister is founder and CEO of Hollister Staffing. Both are members of the Alliance for Business Leadership.