Colorado Statesman: Politicians, business owners debate: Is Initiative 101 friend or foe of franchise model?
Robert Cresanti, president and CEO of the International Franchise Association, calls the nationwide push for mandated minimum wages such as Colorado’s Initiative 101 an existential threat to the uniquely American and highly successful business model of franchising. ... But Bill Phelps, CEO of Wetzel’s Pretzels and an IFA member, counters that mandated minimum wage increases in California, where his company is based, have actually boosted business by giving employees more disposable income. ...
August 28, 2016