By Stacy M. Brown
Baltimore Times, Sept 4, 2015
Hundreds of businesses and organizations— including many in Baltimore— are signing the online petition, “Business for a Fair Minimum Wage statement” and actively pushing for increases locally and nationally. ...
“Local businesses like ours thrive and grow when customers have money to spend,” said Ned Atwater, the owner of Atwater’s, a Charm City-based maker of traditional foods. Atwater’s has more than 145 employees in and around Baltimore and the establishment earned Baltimore Magazine’s 2015 Best of Baltimore awards.
“Raising the minimum wage will increase consumer spending and strengthen the economy,” Atwater said. “I supported Maryland’s minimum wage increase and I support raising the federal minimum wage, which has been stuck at $7.25 an hour for six years.”
Holly Sklar, CEO of Business for a Fair Minimum Wage, said the organization’s members include national companies like Ben & Jerry’s and New Belgium Brewing, and Baltimore businesses like Atwater’s and the Canton, Federal Hill and Waverly Ace Hardware stores.
Sklar says they support a gradual increase in the federal minimum wage to at least $12 an hour by 2020 in part because the federal minimum wage was last raised in July 2009 to $7.25 an hour or just $15,080 a year for full-time work.
“It has less buying power today than it had in 1950, and a third less than in 1968, adjusted for inflation. That’s bad for business and our economy,” Sklar said.
Additionally, raising the minimum wage makes good business sense because workers are also customers and increases would boost sales at local shops as workers buy goods and services they could not otherwise afford.
“And nothing drives job creation more than consumer demand,” she said. “Businesses also see cost savings from lower employee turnover and benefit from increased productivity, and product quality and customer satisfaction.” ...
“The most rigorous studies of the impact of actual minimum wage increases show they do not cause job loss,” Sklar said, debunking claims of opponents who contend that raising the minimum wage would force businesses to cut staff. ...