KQED: Fast Food CEO Says Higher Minimum Wage Boosts Business
By Sam Harnett
KQED (NPR), Jan 3, 2017
When California began raising its minimum wage two years ago, Bill Phelps wasn’t happy. Phelps is CEO of a fast food company called Wetzel’s Pretzels, which has almost 100 outlets in California. ... But something else happened entirely. Sales at his California stores immediately shot up.
“I was shocked,” Phelps says. “I was stunned by the business.”
The same exact pattern took place again in 2016, when the minimum wage rose again, Phelps said. There was a wage increase, and then boom, a bump in same-store sales across the...