Whether it’s federal spending, gay marriage or gun control, we are a divided nation when it comes to hot-button issues.
According to a recent national Gallup poll, 87 percent of Democrats, 72 percent of independents and 53 percent of Republicans approve of raising the federal minimum wage. As the CEO of a business with 300 employees, it might seem counter-intuitive for me to side with the masses on this point, but I’m all for raising the rate. Let me explain.
Right now, the federal rate is $7.25 an hour. Taking inflation into account, a worker earning that in 2014 is worse off than one who made the base hourly wage of $1.60 in 1968.