Dunkin’ Donuts CEO slams $15 minimum wage
Dunkin’ Brand CEO Nigel Travis isn’t happy with New York’s recommendation that fast food workers make a minimum wage of over $15 per hour.
In an interview with CNN, Travis expressed his concern over the news and discussed the implications for the industry. “It’s going to affect small businesses and franchises,” he said. “I don’t want to sound threatening about that,” noting that Dunkin’ Donuts (DNKN) would unlikely lay off employees because of the increase. He did, however, say that it could affect the company from hiring workers in the future.
Instead, Travis said that fast food workers should make something along the lines of $12, according to CNN. The minimum wage in New York is currently $8.75 per hour.
“A debate needs to take place about how to tackle income inequality,” he said in the interview.
There may, however, be job losses associated with the boosted pay, Fortune notes. And there could be higher prices for shoppers.