By Lisa Jennings
Nation's Restaurant News, Nov 9, 2016
In what may be the biggest upset in recent U.S. history, real estate mogul and Republican nominee for president Donald Trump was elected to the country’s highest office on Tuesday ... A top business question for the restaurant industry remains whether consumers will feel confident about spending money again once the clouds of the campaign have cleared. ...
Voters in four states approved ballot initiatives to raise the minimum wage to $12 per hour by 2020 in Arizona, Colorado and Maine, and to $13.50 per hour by 2020 in Washington State.
In a statement, Bill Phelps, co-founder and CEO of Wetzel’s Pretzels, said raising the minimum wage is good for the bottom line.
“We’re encouraged by these state raises, and look forward to continued growth for our business and the economy with future state and federal raises,” he said.
The Trump win makes the increase of the federal minimum wage less likely. ...
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