Nashville, TENNESSEE - november 19, 2015
NASHVILLE, TENN. May 2, 2016 –
LetterLogic founder and CEO Sherry Stewart Deutschmann has long been a vocal advocate of increasing the federal minimum wage. But this week she made the pitch to a new audience for her: members of the U.S. House of Representatives.
"I've done a few [presentations] like this," Deutschmann said, but "this was the first time in front of [congressmen.]"
Deutschmann was one of three entrepreneurs who, along with an analyst from the Economic Policy Institute, addressed Democratic members of the education and workforce committee in a forum on April 27.
Both California and New York adopted legislation at the start of the month to increase their state minimum wages to $15. But while Democratic presidential candidates Hillary Clinton and Bernie Saunders both advocate for an increased national standard, opponents of minimum wage hikes argue it would hurt employers and kill jobs.
That's not been the case for LetterLogic, said Deutschmann, who spoke to "the business perspective of increasing minimum [the] wage," during this week's forum. When she increased employees' starting wage to $16 an hour, both revenue and profit increased. Higher wages drive improved employee morale and loyalty, she argues, which in turn improves customer service and satisfaction.
Deutschmann, whose personal and company success have earned her a high-profile public persona and a spot on the National Women's Business Council, said a few of the congressmen asked if the higher wages led to curtailed benefits. At LetterLogic, where employees receive a wide variety of unusual perks (like assistance with a down payment on a home), that's certainly not true, she said.
There were some committee members who seemed to feel some skepticism about an increase, Deutschmann said, but the audience was generally a "friendly" one. That may not be true across the aisle, but the entrepreneur said she's still optimistic there will be some kind of change to the minimum wage soon, even if it takes a while to implement.
"I'm optimistic that the the human spirit will prevail," Deutschmann said. "Businesses will see that it's really good for their business."
LetterLogic is a premium lettershop services provider meeting the multi-channel communications, patient connections and payment solutions needs of healthcare systems and RCMs nationwide. Specializing in printing and mailing of statements, the company offers address correction and updating services that deliver the highest mail list accuracy and proactively handles return mail - even refunding customers for undeliverables. In 2014, LetterLogic introduced electronic bill presentment (via SMS and email) and payment capturing and negotiating services that give patients more options and allow healthcare providers to more quickly collect revenue.
A certified woman-owned business, the company has been applauded for its unwavering culture and drive for excellence by publications such as The New York Times and Fast Company. LetterLogic has also been named as one of America's Fastest Growing Companies by Inc. Magazine for the ninth consecutive year. For more information, call 615-783-0070 or visit letterlogic.com.