Why C1 Bank CEO Trevor Burgess Supports an Increased Minimum Wage

 Photo credit:  C1 Bank

Some South Florida minimum wage workers are seeing fatter paychecks as companies propose or institute salary hikes. (Miami Herald, 7/4/2014)

First-hand experience.  Companies including Ikea and Gap — which also owns Old Navy, Banana Republic, Athleta, Piperlime and Intermix — have recently announced or instituted voluntary increases in their minimum wages ahead of proposed national legislation that could mandate a new federal floor. St. Petersburg-based C1 was ahead of the pack in Florida, raising its “living wage” to $14 in April. 

The businesses cite such reasons as a desire to attract and retain talented workers and boost productivity, and to enable employees to earn a decent living. 

U.S. Department of Labor.  Bureau of Labor Statistics.  Occupational Outlook Handbook 

1 of 3 tellers worked part-time in 2012. 

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