Director Tensie Whelan weighs in on a corporate minimum wage
Monday, November 6, 2017
Pat King at Metro News looked into why CEOs like Dan Price and Megan Driscoll implemented higher minimum wages for their employees, and the impacts that decision had on their respective companies. Tensie Whelan, Director of the Center for Sustainable Business, discussed the pros and cons of the choice. "'I think more companies should move to reduce the wage gap by increasing the salaries of people making below 70K in the company and reducing those of the C-Suite,' she says, 'academic studies consistently point to no financial benefit to shareholders of paying the type of salaries CEOs currently command and there is clear societal value in paying people a decent wage.'" Read the entire article here.