By Kent Hoover
Washington Business Journal, April 30. 2014
... [In remarks at the White House President Obama] noted that many businesses have decided to pay their workers more “because they know it’s good business.” Businesses with higher-paid employees face less turnover, and their workers are more productive, he said. Plus, their customers “see the difference.”
Small business owners who support raising the federal minimum wage make the same point.
“We raised our minimum wage to $10.10 without raising prices, knowing that employees who make ends meet stay longer and are more productive,” said Chris Sommers, co-owner of Euclid Hospitality Group, which includes Pi Pizzeria in St. Louis and Washington, D.C. ...
Members of Business for a Fair Minimum Wage also contend it would boost the economy by giving workers more money to spend in their local communities. ...
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