Subway CEO Fred DeLuca offered a common sense answer on Wednesday when asked about a possible increase to the minimum wage.
“Over the years, I’ve seen so many of these wage increases. I think it’s normal,” DeLuca told CNBC, adding: “It won’t have a negative impact hopefully, and that’s what I tell my workers.”
But DeLuca went further than just saying he would welcome a wage increase. If it was up to him, he explained, wages would be increased automatically to account for inflation. “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,” Deluca said. “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.”
DeLuca is not the first CEO to hold this position. Here’s a look at five notable CEOs who share DeLuca’s call for the a higher federal minimum wage:
Photo: Candy Girl via Flickr