New York Times: As Minimum Wages Rise, Businesses Grapple With Consequences
By Stacy Perman
New York Times, Feb 5, 2014
... there are also business owners who support the increases. These owners suggest that businesses actually benefit from paying higher wages because of reduced turnover and the additional money that goes into local economies.
Amanda Rothschild, co-owner of Charmington’s, a cafe in Baltimore, calls the arguments against raising the minimum “shortsighted.” Since opening in 2010, the cafe has paid new hires $8 an hour, more than the current $7.25 minimum (they also earn tips).
“I think those against increases underestimate how business success is tied to employee...