Font Size

Change Font Size

Small Business Wants Minimum Wage Increase

WagesLarge Majority Of Small Businesses Favor Minimum Wage Increase In New National Poll

Employers Across Political Spectrum Say Raise Would Boost Business and Help Economy

April 24, 2013, Washington, DC – In contrast to their conventional portrayal, small business owners overwhelmingly favor increasing the federal minimum wage, currently $7.25 an hour, according to a scientific national poll released today. The minimum wage was last increased in 2009.

Two out of three small business owners (67%) support increasing the federal minimum wage and adjusting it yearly to keep up with the cost of living. The strong support for a minimum wage raise is particularly striking since the small business owners are all employers and predominately Republican. The poll was conducted March 4-10, 2013 by Greenberg Quinlan Rosner Research on behalf of Small Business Majority.

“This new national poll confirms what we’ve been saying all along – increasing the minimum wage will help small businesses, not hurt us,” said Lew Prince, Co-Owner of Vintage Vinyl in St. Louis and a leader in Business for a Fair Minimum Wage. “As I recently testified before Congress, workers will spend their minimum wage increase at local businesses buying the basics they can’t afford now. And adjusting the minimum wage annually for inflation would make it easier for businesses to predict labor costs and consumer demand.”

The poll shows 65% of small business owners agree that “increasing the minimum wage will help the economy because the people with the lowest incomes are the most likely to spend any pay increases buying necessities they could not afford before, which will boost sales at businesses. This will increase the customer demand that businesses need to retain or hire more employees.”

Greater New York Chamber of Commerce CEO Mark Jaffe said, “I’m not surprised the poll indicates strong business support for increasing the minimum wage. That’s what our members have told us. It makes good economic sense. A minimum wage increase will boost the consumer demand that spurs businesses to hire and grow.”

Other key poll findings include:

  • 85% of small business owners pay all of their employees more than the minimum wage.
  • 65% of small business owners agree “It is not right that people working full time earn just $15,080 a year at the minimum wage, which is significantly lower than it was in the 1960s, adjusting for inflation. Increasing the minimum wage would allow people to afford basic necessities and decrease the pressure on taxpayer-financed government assistance to make up for the low wages paid by some employers.”
  • 46% of small business owners surveyed identified themselves as Republican, 35% identified as Democrat and 11% identified as independent.

Holly Sklar, Director of Business for a Fair Minimum Wage, said, “Today’s minimum wage undermines our economy. As this poll makes crystal clear, the oft-heard claims that most small business owners oppose a minimum wage increase are wrong. Most small business owners, like the general public, want to raise the minimum wage. The minimum wage would be over $10 if it had kept up with the rising cost of living since the 1960s instead of falling behind.”

Business for a Fair Minimum Wage is launching a new petition for business owners and executives supporting a federal minimum wage increase.

To view the Small Business Majority report of poll findings and methodology visit http://www.smallbusinessmajority.org/small-business-research/minimum-wage/

To view the new Business for a Fair Minimum Wage petition visit http://www.businessforafairminimumwage.org/Federal-Sign-On-Statement

Business for a Fair Minimum Wage is a network of business owners and executives who believe a fair minimum wage makes good business sense. www.businessforafairminimumwage.org


Anshita Sharma 05 19, 2017 (12:52)  
Service Yes No   Exciting Post of Partner structures, Great to feeling on data truly confounding and hot eye-getting sidekick in this post.
 
   
  Edit comment Delete comment Unpublish comment
Ritu Singh 05 19, 2017 (12:53)  
Offer Yes No   Awesome data about booking your picked best accomplice young ladies and we will give you the most immense partners.
 
   
  Edit comment Delete comment Unpublish comment
Mobdro 05 29, 2017 (08:02)  
Let's Update Yes No   Mobdro is just about the fastest streaming service I have come across and I am so glad that I did. The app is a perfect killer of time as it offers tons of TV shows, movies, and even cartoons to watch online from anywhere, anytime you want. Pretty easy to use the app, Mobdro is fast. When I say fast, I really mean fast. If you haven't used it yet, you don't know what you are missing.  
   
  Edit comment Delete comment Unpublish comment
etexofab 06 19, 2017 (02:08)  
business Yes No   https://www.etexofab.com/

ETEXOFAB, decided to come up with a digital marketplace ,delivering the best available fabrics, prices, people market intelligence for buyers, dealers and fabric manufacturers worldwide.

http://www.etexofab.com/About
http://www.etexofab.com/Contact
http://www.etexofab.com/signup
http://www.etexofab.com/videoList
http://www.etexofab.com/events
http://www.etexofab.com/forgot-password
http://www.etexofab.com/change-password
http://www.etexofab.com/terms
http://www.etexofab.com/signup?t=v
http://www.etexofab.com/signup?t=w
http://www.etexofab.com/user-business-terms
http://www.etexofab.com/system-requirement/minimum-system-requirement-for-etexofab-textile-software



 
   
  Edit comment Delete comment Unpublish comment
Hide comment form Hide comment form
  • Bold
  • Italic
  • Underline
  • Stroke
  • Quote
  • Ordered List Unordered List
  • Smileys
  • :confused:
  • :cool:
  • :cry:
  • :laugh:
  • :lol:
  • :normal:
  • :blush:
  • :rolleyes:
  • :sad:
  • :shocked:
  • :sick:
  • :sleeping:
  • :smile:
  • :surprised:
  • :tongue:
  • :unsure:
  • :whistle:
  • :wink:
 
   
 
You are here: Home News Categories Job Trends Small Business Wants Minimum Wage Increase

Submissions Welcome

Submit an article to our online magazine and website.

 

Add your event to our Job Fair Calendar

 

Upload a job posting to our Career Search Engine

Get Included in Inclusion

The companies and organizations seen here are specifically hiring people with your talents, background, and skills.

 

Check out our job postings and list of participating employers to find your perfect career today.

Become a Diversity Partner

If you'd like to advertise with the Black Perspective, and to learn more about the benefits of minority recruiting, visit EqualityMagazines.com

Our Diversity Family