Waffle House has an idea for tying the federal minimum wage to inflation that might help President Biden defuse bipartisan opposition to his target of hitting $15 an hour in 2025.
The restaurant chain, which has 40,000 workers, developed a model that would increase the minimum wage in one-dollar increments from the current level of $7.25 to about $12 over the next four years (depending on inflation), with tipped workers earning half that, in a plan finding favor on Capitol Hill.
The White House says it is open to new ideas after Biden’s $15 goal was stripped from the $1.9 trillion coronavirus spending bill.
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