Study: Small businesses are conflicted over prospect of higher minimum wage

11/21/2013 | Bloomberg Businessweek

(Scharvik)

Nearly half of small-business owners who responded to a survey say they support raising the minimum wage to $9.50 an hour. This is despite the fact 60% of respondents believe raising the minimum wage would be bad for business and 3 in 10 say they would have to lay off employees. The apparent contradiction might be because of concerns over economic inequality and the prospect of increased consumer spending if wages rise.

View Full Article in:

Bloomberg Businessweek

Published in Brief: