Mininum wage isn't enough, says Shake Shack founder Danny Meyer

Burger joint Shake Shack is part of the growing fast-casual movement that provides cheap, fast food with quality ingredients and atmosphere. Owned by Danny Meyer’s Union Square Hospitality group, which typically runs Michelin-rated restaurants, the chain has 44 locations throughout America and overseas with heavy plans for expansion.

Another thing the restaurant does differently: it pays a starting salary of $10 with benefits. At a time when fast-food workers nationwide are fighting for a living wage, this speaks loads. Just last month President Barack Obama and Vice President Joe Biden dined at Shake Shack and praised the pay-rate. “Shake Shack has great burgers and pays its employees over $10 an hour so we’re very proud of them and the great work that they’re doing.”

http://finance.yahoo.com/blogs/daily-ticker/shake-shack-founder-on-why-he-pays-well-above-the-minimum-wage-164858751.html