CEO Andy Puzder of CKE Restaurants Inc., the parent company of fast food chains Carl’s Jr. and Hardee’s, has been selected by President-elect Donald Trump to be Secretary of Labor. Puzder served as an economic adviser for Trump during the presidential campaign, and his company has 3,750 restaurants in 40 countries worldwide.
Puzder is a strong opponent of increasing the federal minimum wage and the “Fight for $15” movement, believing the minimum wage should not be raised past $9. He also is not in favor for government intervention in labor markets. The fast food mogul is a hardcore critic of Obamacare and the President Obama’s labor policies.
Trump’s selection of Puzder may signal that he will be leaning towards keeping minimum wage low. The current federal minimum wage is $7.25 an hour. This equals to about $15,080 a year for someone working 40 hours a week.
Puzder joins a long list of anti-establishment cabinet picks for the incoming Trump administration, such as billionaire investor Wilbur Ross as his commerce secretary, hedge fund mogul and movie producer Steve Mnuchin as his Treasury secretary, billionaire fundraiser Betsy DeVos as his education secretary, and former CEO of World Wrestling Entertainment Linda McMahon to lead the Small Business Administration.
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