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Subway restaurants CEO has fresh take; now okay with minimum wage hike

Image: Subway and Think Progress [1]

Image: Subway and Think Progress

The opposition to raising the national minimum wage is shrinking fast and seems to be increasingly confined to the ideological think tanks and far right politicians funded by the Koch Brothers, Art Pope and their ilk.

As Alan Pyke at Think Progress reports [2], even the CEO of the giant sandwich chain Subway, Fred DeLuca (no relation, apparently, to the head of the Pope-Civitas Institute, Francis X. DeLuca) is now on board.

“The founder and CEO of Subway says a minimum wage increase wouldn’t be such a bad thing [3] for his stores and workers and believes it should be changed so that wages rise automatically with inflation [4].

‘I’m not concerned,’ CEO Fred DeLuca said on Wednesday when CNBC asked him about minimum wage hikes. ‘Over the years, I’ve seen so many of these wage increases. I think it’s normal. It won’t have a negative impact hopefully, and that’s what I tell my workers.’

DeLuca’s support is noteworthy in part because of the size of his business. Subway has the most locations of any fast food chain. While a majority of small business owners support [5] a $10.10 wage hike, major corporations of that scale typically oppose raising wages.”

Read the rest of Pyke’s story by clicking here [2].