By Gabrielle Levy
UPI, March 27, 2014
Small business leaders joined Senate Democrats on the Hill Thursday to lend their support to a push to raise the federal minimum wage to $10.10.
Flanked by business owners who said they experienced measurable benefits to paying their employees above the minimum wage, Sens. Robert Casey of Pennsylvania, Cory Booker of New Jersey, Ed Markey of Massachusetts and Richard Blumenthal of Connecticut said the impact of such a move would go far beyond the individual worker.
"We know that 70 percent of the economy is driven by consumer spending," Casey said. "If you put more dollars in the pockets of consumers, not only do you have that overarching economic benefit to the country, but of course small businesses especially benefit."
But the more powerful testimony came from John Cooper, Clifton Broumand and Scott Nash, who told stories of their employees who "were more like family" and stayed with their companies for decades because they could count on a "a fair wage for a fair day's work."
Broumand, who owns Man & Machine Inc., which makes medical-grade waterproof keyboards and mice, said that paying his employees well meant they were more innovative and loyal. ...
Cooper, president of Spectronics Corporation, a Westbury, N.Y. company that builds ultraviolet lamps for forensic and fingerprint analysis, said more than 70 percent of his company's employees had been there for more than 10 years.
"A higher minimum wage will result in increased employee retention, which means lower costs for hiring and training new workers," he said. "It will allow workers to buy essentials they cannot afford now and most of the money they spend will go right back into local businesses."
"Raising the minimum wage might have a short impact on our profits, the bottom line, but in the long run, it benefits our workers, and it benefits me as owner of the company as well," he said. "So it's a win, win."
Copyright 2014 United Press International, Inc.