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

Posted By Rob Schofield On May 8, 2014 @ 3:01 pm In Uncategorized | Comments Disabled

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].


Article printed from The Progressive Pulse: http://pulse.ncpolicywatch.org

URL to article: http://pulse.ncpolicywatch.org/2014/05/08/subway-restaurants-ceo-has-fresh-take-now-okay-with-minimum-wage-hike/

URLs in this post:

[1] Image: http://pulse.ncpolicywatch.org/wp-content/uploads/2014/05/Subway-logo.jpg

[2] Alan Pyke at Think Progress reports: http://thinkprogress.org/economy/2014/05/08/3435546/subway-minimum-wage/

[3] wouldn’t be such a bad thing: http://www.cnbc.com/id/101647378

[4] wages rise automatically with inflation: http://www.huffingtonpost.com/2014/05/07/subway-minimum-wage_n_5283565.html

[5] a majority of small business owners support: http://thinkprogress.org/economy/2014/03/06/3373961/small-business-owners-minimum-wage-poll/

[6] Key facts about the minimum wage : http://pulse.ncpolicywatch.org/2014/01/28/key-facts-about-the-minimum-wage/

[7] A big picture view of the CBO’s minimum wage report : http://pulse.ncpolicywatch.org/2014/02/21/a-big-picture-view-of-the-cbos-minimum-wage-report/

[8] Just saying: States that raised minimum wage experiencing faster job growth : http://pulse.ncpolicywatch.org/2014/05/01/just-saying-states-that-raised-minimum-wage-experiencing-faster-job-growth/

[9] Fast food workers fight back : http://pulse.ncpolicywatch.org/2014/03/17/fast-food-workers-fight-back/

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