While President Obama’s call to raise minimum wage still goes unanswered by Congress, companies such as Sam Adams believes in paying their employees well above minimum wage to increase productivity.
The Boston Beer Company has won more awards in international beer-tasting competitions than any other. The company has over 1,200 employees and all receive paid sick leave and starts everyone, including part-time workers, well above the minimum wage. The founder and chairman Jim Kochs, believes that “you can’t have engaged employees if you don’t invest in them.”
Some small companies that start their employees off above minimum wage know that it is an investment that leads to reduced training expenses and higher productivity in the long run. Some will argue that higher wages stimulate the economy by putting more money in the pockets of working people and increasing their purchasing power.
Many employers are stepping up but we still need Congress to agree and increase the national minimum wage to $10.10 an hour.
Source: DOL