By Erik Sherman
Forbes, Jan 7, 2017
Someone I know had posted a link about a fast food CEO who said that higher business growth followed minimum wage hikes in California. According to KQED, Bill Phelps, chief executive of Wetzel’s Pretzels, which has more than 100 outlets in the state, was "shocked" when business rose after a wage increase.
"My overall sales were something like 15 percent ahead after the first minimum wage bump, and now they’re about 12 percent ahead this year," [Franchisee] Jacobs said. "It isn’t because I’m such a great manager or smart guy, but the buying public has more money in their pocket."