Why fast food chains have raised pay even before minimum wage votes

Fast food giants have been raising workers’ pay even before several November ballot initiatives expected to hike the minimum wage in multiple states.

Last week, Sonic Drive-In CEO Cliff Hudson said his company would improve sales by paying managers higher wages and hiring more full-time workers, according to Business Insider. While 95 percent of Sonic (NASDAQ: SONC) locations are franchises, the company wants to show franchisees that boosting wages is beneficial to customer service and employee retention, the report said.

Read more at the Denver Business Journal 



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