Starbucks is getting a whole lot of goodwill for its announcement that it will raise wages and give sick time and other benefits to employees, as it should. But the skeptic in me can’t help but see this as a desperate employee-marketing program in a period of intense labor pains.
Even with ZOES down more than 65% from its historical high, investors still have an unusually long wait before the fundamentals catch up with the current stock price. Visit www.liptonfinancialservices.com to view more stories from Roger and company descriptions.
University of Michigan-Flint economics professor Mark Perry explains the impact of the minimum wage increases (18 of them) that took place on January 1 in one simple lesson on the American Enterprise Institute’s Carpe Diem blog.
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