[Noah Smith] U.S. companies, try this: Raise your minimum pay
ViewpointsMar 21, 2016
Recently, McDonald’s decided to raise wages for many of its hourly restaurant workers. The rise is modest, from about $9 to about $10, but already the company’s executives claim that they are seeing improvements in service quality: “It has done what we expected it to -- 90-day turnover rates are down, our survey scores are up -- we have more staff in restaurants,” McDonald’s U.S. president Mike Andres told analysts at a UBS conference. “So far we’re pleased with it.” So far the company’s financi