The arguments against raising the minimum wage are failing. As stores and states around the US are hiking minimum wage above that of the federal government, reports are showing that these increases are helping business and local economies.
One such example, made famous by President Obama during the most recent State of the Union Address is Punch Pizza. Punch was praised for raising its minimum wage from the federal $7.25 to $10.00 an hour, a move that cost them an extra $250 thousand a year.
Well, six months after the president’s address, Punch Pizza is booming and they’ve opened their ninth location in the twin cities and hiring 50 new employees to make it happen.
The storeowner, John Pucket said business is booming and the stack of applications is huge, with a part time salary starting at $10 an hour college students are lining up for a chance to get in the door.
And for those who do, a rather big future could await them as those who stick it out through school and move onto management roles can make upwards of $100 thousand a year in salary.
Punch Pizza is one of many examples of stores thriving when they pay their employees, once again muting the arguments from the far right that minimum wage is fine where it is, or in some cases doesn’t need to exist at all.