TGI Fridays CEO says ending the tipped minimum wage would result in higher prices, fewer hours for waitstaff

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Description: TGI Fridays CEO Ray Blanchette said that President Joe Biden’s proposal to eliminate the tipped minimum wage would likely result in fewer hours for the chain’s waitstaff and higher menu prices.

Source: CNBC.com – video report

Date: Jan 22, 2021

Link: https://www.cnbc.com/2021/01/22/tgi-fridays-ceo-says-ending-the-tipped-minimum-wage-would-boost-prices.html

Questions for discussion:

  • What are the arguments for and against the decision to raise wages for these jobs?
  • What would you like to see done?

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