American Coin-Op, July 31, 2014
... Business for a Fair Minimum Wage, a national network of business owners and executives who believe a “fair minimum wage makes good business sense,” published the results of its “scientific national opinion poll” indicating that 61% of small-business employers support increasing the federal minimum wage to $10.10 in “three stages over two-and-a-half years,” adjusting it annually to keep pace with the cost of living.
“Small-business support for raising the federal minimum wage is strong across the country. Employers favor raising the minimum wage to $10.10 by a 67% majority in the Northeast; 61% in the Midwest; 60% in the West; and 58% in the South,” the group says.
The organization’s poll also found that many small-business owners believe an increase would bring benefits, including increased consumer purchasing power and lower employee turnover, among others.
“When wages are so low that workers can’t make ends meet, it weakens consumer demand and hurts business,” says Holly Sklar, CEO of Business for a Fair Minimum Wage. “As this national poll shows, small-business owners expect a higher minimum wage to boost customer purchasing power and customer satisfaction, reduce employee turnover and increase productivity.” ...
The full report and methodology of Business for a Fair Minimum Wage’s poll is available here.
Copyright 2014 American Coin-Op/American Trade Magazines LLC