Why a $20 minimum wage is good for business
The recent announcement of a $20 per hour minimum wage brought the usual chorus of praise and criticism. Unions loved it, employers decried it.
Their opinions are well grounded in traditional political and economic views. Unions want their members better paid, that’s their job. And employers want to minimise expenses. It’s all very predictable.
But Sam Stubbs thinks it’s time to challenge this thinking, and see a higher minimum wage for what it really is – a pathway to, and result of, higher productivity and wealth.
We can all win.
Read the full article on Stuff.