March 9, 2014 at 3:09 pm
#804737
Smitty
Participant
Two things:
1) This is based on increasing to $10.10. I would love to see the exact same group polled @ $15/hour.
2) From the study:
“A sweeping 82% already pay all of their employees more than the federal minimum wage, with only 18%
paying one or more of their workers minimum wage.”
So, not a huge surprise that a small business owner would prefer that their competition increase their cost structure. This drove their response more than their belief that increasing the salaries of less than 3% of the work force can have a material impact on spending.