By Christine Kern
Hospitality Leader, November 14, 2016
... How The Elections Will Affect The Restaurant and Hospitality Industries
With Donald Trump’s success in his bid for the presidency, the outlook for the restaurant and hospitality industry might have become just a bit brighter in the long run, according to The Nation’s Restaurant News. Although 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, a Trump win makes the increase of the federal minimum wage less likely.
In a statement, Bill Phelps, co-founder and CEO of Wetzel’s Pretzels, said raising the minimum wage is good for the bottom line, stating: “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. ...