Phoenix Business Journal: Arizona business leaders weigh in on potential minimum wage hike
By Tim Gallen
Phoenix Business Journal, July 28, 2012
As Washington begins to debate new legislation that would bump the federal minimum wage to $9.80 an hour within the next few years, business leaders in Arizona are weighing in on the potential benefits and negatives such an increase would have on businesses and the economy. ...
Even though an increase in the federal minimum wage would not directly affect his organization, Apollo Group’s founder and Executive Chairman John Sperling likens an increased minimum wage to the old adage that “a rising tide raises all boats.”...