When the minimum wage goes to $15 an hour “you kill jobs,” says Andrew Puzder—”businesses close, businesses reduce staff and automate, and businesses reduce the hours of the employees they have.”
But “what you can’t measure, which is really what hurts economic growth…is the number of restaurants that don’t open.”
Puzder is best known as the former head of CKE Restaurants, the parent company of fast fast-food chains Hardee’s and Carl’s Jr. When he was named CEO in 2000, the company was on the verge of bankruptcy. Puzder focused his attention on improving the customer experience, improving the food quality, simplifying the menu, and emphasizing good service. Ten years later, CKE had quadrupled in value.
Reason’s Nick Gillespie sat down with Puzder at FreedomFest 2017, the annual libertarian conference in Las Vegas.
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