(Snip)"When I started in the business, the minimum wage was $1.25. I've seen an enormous number of wage increases. Basically it applies evenly to everyone in the business.* [bolding added] This increase would impact Subway plus every other competitor so it would not put any brand at a particular disadvantage. It might have a slight impact on consumers because what's going to happen is a wage increase will happen and all the restaurant owners will have to recoup that somehow, usually through a price increase. It might make eating out at restaurants have a little bit less competitive advantage compared to supermarkets.
Over the years, I've seen so many of these wage increases. I think it's normal. It won't have a negative impact hopefully, and that's what I tell my workers. I always have whenever we come across these things. I personally think that if I were in charge of the government, I would index the minimum wage to inflation so that way everybody knows what they can count on. The employees know they're going to get increases on a regular basis. The management knows that they're going to have to pay a little bit more with inflation. It just seems much more sensible and fair to me. I don't know why it hasn't been done like that. I would do it that way because in the long, long run it's going to approximate the change in inflation."
* That is, it is a level playing field.
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