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Subway CEO favors higher minimum wage

The co-founder and CEO of Subway says hes got a solution to the minimum wage debate.

By Dan Cook | Updated on May 08, 2014
Fred DeLuca, co-founder and CEO of Subway, shows off a sandwich at a store in New York earlier this month. (Diane Bondareff/Invision for Subway/AP Images).

There’s a simple solution to managing federal minimum wage hikes that would make life easier and more predictable for restaurant workers and owners. Just tie increases to the rate of inflation and forget about all the political back-and-forth.

So says Subway CEO Fred DeLuca, in an interview with CNBC reporter Katie Little. She asked the boss of the world’s largest fast-food chain if minimum wage hikes bothered him, and he said they didn’t.

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Dan Cook

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.

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