- The three surviving candidates gunning to win the 2016 U.S. Presidential election are all open to minimum wage reform of some kind.
- Bernie Sanders wants to raise the federal minimum wage to $15 per hour.
- Hillary Clinton has supported a tiered approach to federal minimum wage increases in the past, but in recent comments made it clear that she would support legislation at the $15 level.
- Donald Trump in an interview this week stated that he's "open to doing something" about the current $7.25 per hour minimum wage.
- Several states and cities have already adopted minimum wage hikes which has raised the focus of restaurant companies on the use of technology (mobile, kiosk, tablets, online) to replace the human element and lower labor costs. Panera Bread, Domino's Pizza, and Starbucks are considered tech leaders in the sector.
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- Related ETF: BITE..
All the U.S. Presidential candidates open to federal minimum wage reform
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Symbol | Last Price | % Chg |
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CAKE | - | - |
The Cheesecake Factory Incorporated |