That's interesting. I didn't know that about QuikTrip.
Starbucks CEO Howard Schultz: 'I Am A Supporter Of The Minimum Wage Going Up'
The CEO of Starbucks says he’s in favor of raising the minimum wage, albeit ever so carefully.
Howard Schultz, the head of the global coffee giant, told CNBC Wednesday that “the minimum wage issue is a double-edged sword,” because while boosting it would mean higher wages for workers, it may also discourage businesses from hiring more people.
“On balance, I am a supporter of the minimum wage going up,” he said. “We’ve got to be very careful what we wish for because some employers -- and there could be a lot of them -- will be scared away from hiring new people or creating incremental hours for part-time people as a result of that wage going up.”
President Barack Obama has proposed raising the minimum wage to $9 per hour from $7.25 and tying it to inflation. But many conservatives, like Speaker of the House John Boehner (R-Ohio), argue that raising the minimum wage may end up hurting workers because it would cause businesses to pull back on hiring.
At $8.78 per hour, the average Starbucks barista makes less than Obama's proposed minimum wage, according to Glassdoor.com. But Schultz called that figure “misleading” in the CNBC interview, since it didn’t take into account tips or the boost in workers’ salaries over time.
Schultz is no stranger to speaking his mind on political issues. His company used its cups in December to encourage lawmakers to “come together” on a fiscal cliff deal. In January, Schultz said that politicians’ lack of leadership on both the fiscal cliff and debt ceiling debates was “sapping the lifeblood” of the country.
But he's not the first corporate chief to speak out on the minimum wage issue. Fred Deluca, the CEO of Subway, told CNBC in February that a minimum wage hike would push his franchisees to raise their prices. Still, some are backing Obama’s proposal. Costco CEO Craig Jelinek said in a statement earlier this month that lawmakers should raise the minimum wage to $10 an hour. http://www.huffingtonpost.com/2013/03/21/howard-schultz-minimum-wage_n_2923294.html
This is a very good article...And it is part of the new American Entrepreneurial spirit...Happy employees make it a pleasure for people to shop at these places...
People are our greatest asset. There is no product or service without this very basic commodity. There is no vendor or buyer.
The word symbiotic comes to mind..... sym·bi·o·sis (smb-ss, -b-) n. pl. sym·bi·o·ses (-sz) 1. Biology A close, prolonged association between two or more different organisms of different species that may, but does not necessarily, benefit each member. 2. A relationship of mutual benefit or dependence. http://www.thefreedictionary.com/Symbiotic
There can be no economy without people.
Our path in this world is personal. Our potential growth is evolutionary! We must develop together as a species.
Together we form our government. The principals of government, our elected officials, Must adhere to Jefferson's Constitutional dictate: "We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Maybe Jefferson understood why people can produce product/service when their children are feed.
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