Francorp’s Chairman discusses the Effects of a Minimum Wage Increase in recent Franchising USA article
Francorp founder, chairman, and chief executive officer, Don Boroian, discusses the adverse effects of a minimum wage increase on the U.S. economy in the Franchise Expert Advice section of the latest edition of Franchising USA Magazine.
Boroian writes that any minimum wage increase will have a major inflationary effect on the entire economy hitting the restaurant industry hard especially the ultra-competitive burger industry.
There will be a domino inflationary effect across all industries employing minimum workers with added labor costs being passed on to the consumer.
Please read the article by visiting this link: http://www.franchisingusamagazine.com/expert-advice/francorps-chairman-weighs-effect-minimum-wage-increase/