Work in Progress: Higher Wages Smart for Business
By Jason Surbey
Work in Progress, U.S. Department of Labor Blog, Mar 7, 2015
As President Obama and Secretary Perez have said, raising the minimum wage isn’t just the right thing to do for working families it’s the smart thing to do to grow our economy.
And business leaders of all kinds agree, saying that they see higher wages as a sound business investment. They know that higher wages boosts productivity and reduces the high costs associated with turnover. They also know that consumer spending drives our economy; more money in people’s pockets means more...