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

[eridani]

http://www.eoionline.org/blog/poll-57-of-small-business-owners-support-10-10-minimum-wage/

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.”