Poll: 57% of Small Business Owners Support $10.10 Federal Minimum Wage

March 10, 2014 | Maggie Humphreys

small biz poll

Nearly two-thirds of Americans support raising the federal minimum wage to $10.10 an hour, but a new poll from the Small Business Majority found that nearly 6 in 10 small businesses support the wage hike as well.

A new national poll of small business owners finds 57% support President Obama’s proposal to raise the minimum wage to $10.10 per hour and index it to rise annually with the cost of living. The poll, commissioned by Small Business Majority, finds that a majority of small business owners believe raising the minimum wage will boost consumer spending and generate greater economic growth.

Christine Owens, executive director of National Employment Law Project noted,  “Opponents of minimum wage increases typically hold up small businesses to justify their position, but this poll makes clear that small businesses are on the same page as the American people on the benefits of higher wages for millions of low-paid workers. Hopefully, this barometer of how small businesses really feel will help cut through the Beltway rhetoric and demonstrate the urgent need for Congressional action on this issue.”

In Washington, local small business owners like Don Orange are speaking out about our state’s proposal to strengthen the minimum wage even further by raising it to $12 an hour. In a recent op-ed in The Columbian, Don writes:

My success is tied to the economic vitality of families around me. The increasing wealth gap not only harms low-income people but it also creates a death spiral of falling demand that hurts small businesses. The truth is that increasing economic security for workers provides a boost to the bottom line of local small businesses.

We need to make steady progress toward an economy in which every job is an economy-boosting job. Full-time work ought to provide the opportunity to live decently, support a family, save for the future and fully contribute to the economic health of the community, without relying on public assistance.

A strong minimum wage is critical to the success of our Main Street businesses and our working families. It’s time to raise the wage for workers here in Washington and across the country.

You can read more about the poll over on Small Business Majority’s website.

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Posted in Minimum Wage

Comments

  1. bill wald says:

    Another article in this email reports that the top 1% gets 49% of profit increases. If a federal or local minimum wage increased then who will pay for it? Who will see the decrease in personal spending power? The 1% or the people in the middle class bracket?

    • Aaron Keating says:

      Available evidence shows that “businesses absorbed the costs through lower turnover, small price increases at restaurants, which have a high concentration of low-wage workers, and higher worker productivity”.

  2. bill wald says:

    A kid who has not graduated from HS and has never held a job is probably not worth $22K/year minimum to his employer. I would gladly support an increased minimum wage if there was an exemption for union apprentice programs.

    The goofiest part of the push for cheap college tuition and high minimum wage is the kid pays a college to learn what he should have learned in high school and/or be paid to learn in a union apprentice program. I have no sympathy for people who are to cheap to join/support a union but want someone else to give them a raise or free college.

    • Aaron Keating says:

      Bill, that’s not an accurate picture of a minimum wage worker. As noted here, almost 90 percent of minimum wage workers are at least 20 years old; almost 70 percent are in families with incomes below $60,000 per year; over half work full time; and more than one-fourth have children.

      Making college more affordable for middle- and working-class families is one way our state and our nation can promote the kind of broad-based economic opportunity that is part of the American Dream. Likewise, most Americans believe that if you’re working full-time, you shouldn’t have to live in poverty – but that’s exactly what the current minimum wage does. That’s why there are so many national and local movements to increase the minimum wage to something actually liveable.

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