Bennigan’s CEO: Obama’s Min. Wage Hike ‘Another Piece of Adversity’ for Businesses

Bennigan’s CEO: Obama Minimum Wage Hike ‘Another Piece of Adversity’ to Businesses (Washington Free Beacon)

Bennigan’s CEO Paul Mangiamele stopped by Fox and Friends to warn of the pitfalls of President Obama’s newly announced minimum wage hike.

Call it a miracle story: Bennigans, a popular Irish dining establishment, was close to filing for bankruptcy just a few years ago before making a huge, surprise comeback. The restaurant now has 150 locations worldwide.

Mangiamele told viewers that Bennigans might be in need of another miracle, though, as the impact of President Obama’s new minimum wage hike is likely to cause considerable damage to businesses and threaten their future successes and expansion.