Shake Shack workers get in on IPO riches

The company has 160 managers who also get revenue-sharing and health benefits. And its 1,450 hourly employees all make more than the local minimum wage.

Employees start at least $10 an hour in the New York metro area, where the chain has 16 restaurants. New York City's minimum wage is $8.75 an hour.

Shake Shack, which has been profitable, said it will continue to pay above minimum wage even at the risk of earning less money, according to a regulatory filing.
"We believe that this enables us to attract a higher caliber employee and this translates directly to better guest service," the company said.

It's that kind of sentiment that workers at fast-food restaurants like McDonald's (MCD) and Burger King would love to hear.

More at link.
http://money.cnn.com/2015/01/30/investing/shake-shack-ipo-workers/

This is good to hear. Cheers Shake Shack.