During a recent talk at Northwestern’s Kellogg School of Management, McDonald’s CEO Don Thompson indicated his support for legislation in Congress to raise the federal minimum wage. “I will tell you we will support legislation that moves forward,” he said. Later in the talk, Mr. Thompson continued, “McDonald’s will be fine. We’ll manage through whatever the additional cost implications are.” It turns out that, contrary to the stale Republican talking points, one of the largest low-wage employers in the country does not have a problem with a higher minimum wage
We have been vigorously advocating for a raise in the federal minimum wage for several years now. Much progress has been made in that time. Unfortunately, little of this progress has come in the halls of Congress, leaving cities and states across the country to do the work that our national leaders won’t do.
Twenty two states and the District of Columbia have minimum wages that are higher than the current federal minimum wage of $7.25 per hour. In 2014 alone, seven states (Connecticut ($10.10 per hour by 2017), Delaware ($8.25 per hour by 2015), Hawaii ($10.10 per hour by 2018), Maryland ($10.10 per hour by 2018), Michigan ($9.25 per hour by 2018), Minnesota ($9.50 per hour by 2016) and West Virginia ($8.75 by 2016)) plus the District of Columbia ($11.50 per hour by 2016) have signed minimum wage increases into law. And Vermont’s legislature also recently passed legislation to raise their minimum wage to $10.50 by 2018, but it awaits action from Governor Peter Shumlin. Many cities have also decided not to wait on Washington: Seattle ($15 per hour by 2017), San Francisco ($10.74 per hour), Santa Fe ($10.66 per hour), and San Jose ($10.15 [...]