Guest: Zeynep Ton
Fast food workers in New York City will get a big bump in their pay over the next few years. Their minimum wage will increase incrementally from the current $8.75 an hour to $15 by 2018. Seattle, San Francisco, and Los Angeles have also raised their minimum wage. But the issue continues to be hotly debated. Will a living wage hurt or help workers, businesses, consumers and the economy at large? MIT Professor ZEYNEP TON says good jobs can be a win-win for everyone. She’s the author of The Good Jobs Strategy: How the Smartest Companies Invest in Employees to Lower Costs and Boost Profits.