“Investors representing more than half a trillion dollars in assets are urging publicly traded companies to stop paying U.S. tipped workers less than the standard minimum wage.
‘The public is paying attention to the treatment of essential workers,’ the firms said in a letter, which warns that ‘companies put their brand reputation at risk by continuing to pay a subminimum wage that impoverishes workers from already vulnerable communities.’
The letter was organized by the firm Adasina Social Capital, which advocates for social-justice issues among investors, and has been signed by around 70 organizations, including Reinventure Capital, Harrington Investments and Zevin Asset Management.”