By Leah Arnold-Smeets
PayScale, Jan 28, 2014
... Small business owners are in favor of raising minimum wage because it will put “more money in the pockets of those in their communities,” according to an interview by Secretary Tom Perez for the US Department of Labor. One of those small business owners is Amanda Rothschild who owns a small café in Baltimore, and she justifies the wage increase.
“Our training costs would be significantly higher if we paid lower wages and we had the kind of turnover that you typically see in a restaurant,” she explains.
Raising the wage is important for small business owners because it makes the difference between staying in business or closing up shop, which would be a lose-lose for business and for the economy.
The case for small businesses is simple: If your employees aren’t making enough to survive and people within your community don’t earn enough to afford your product or service, then there is no business. ...