More Minimum Wage Facts

The money to pay for an increased minimum wage can only come from four places:

  1. other minimum wage workers, in the form of layoffs and reduced hours;
  2. higher wage workers, in the form of static or reduced compensation;
  3. investors, in the form of lower profits; or
  4. customers, in the form of higher prices.

Most often it comes from other minimum wage workers.

Author: Jeffrey Summers
For four decades, my coaching, consulting, public speaking, workshops, management team retreats and articles have helped thousands of hospitality leaders worldwide, build successful businesses. The Summers Hospitality Group is a global full-service hospitality consulting firm best known for its unique results-driven, strengths-based system for developing extraordinary leaders and demonstrating the performance impact they have on their organizations.