Fact of the Month: Minimum Wage Hikes Boost Real Income and Spending

Fact of the Month: Minimum Wage Hikes Boost Real Income and Spending A recent study by the Federal Reserve Bank of Chicago concluded that, during the quarters following a $1 minimum wage hike, real spending by households with at least one minimum wage earner increases by $700 per quarter. Source: Federal Reserve Bank of Chicago

Leadership Tip of the Month:

“Paying your employees well is not only the right thing to do, but it makes for good business.” –James Sinegal, Co-Founder and CEO of Costco