Big restaurant chains are telling investors that a national minimum wage hike wouldn't be a big deal—even as their corporate lobbying groups in Washington fight plans for a $15 minimum wage.
The National Restaurant Association, which represents restaurants around the country, has been a staunch opponent of federal efforts to raise the minimum wage to $15 an hour.
Read more This Fast Food Giant Bragged About Killing $15 Minimum Wage This Fast Food Giant Bragged About Killing $15 Minimum Wage.
And I'll tell you, quite honestly, in our corporate store business, we're not paying the federal minimum wage anyway.
Roark Capital has warned its investors that its portfolio companies could be "adversely affected by changes in governmental policies," including the minimum wage.
The Raise the Wage Act would phase out this subminimum wage by 2025, and then companies will have to pay tipped workers the federal minimum wage.
There is no evidence that workers are tipped less in states that have eliminated the minimum wage. »
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