There's a simple solution to managing federal minimum wage hikes that would make life easier and more predictable for restaurant workers and owners. Just tie increases to the rate of inflation and forget about all the political back-and-forth.

So says Subway CEO Fred DeLuca, in an interview with CNBC reporter Katie Little. She asked the boss of the world's largest fast-food chain if minimum wage hikes bothered him, and he said they didn't.

"I'm not concerned. I know our stores owners are concerned," he told her.

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Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.