Fast food, high wages equals mixed results

144856_600I know you have written on the topic in the past, but New York recently passed a law mandating a $15-an-hour minimum wage in the fast food industry. Will this gather steam across the country, and will it be good for workers?

Gov. Andrew Cuomo skirted parliamentary procedure, and appointed a wage board to make such a recommendation to the acting commissioner for labor. In turn, this person will authorize it for the fast food industry through some form of executive order. Please don’t think the duly elected legislature passed this. (Read the full article as previously published in the Montgomery Advertiser Saturday August 15th)

The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.