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Wage Hike Won’t Impact Most SBs

Date: 02/26/2007 | Category: Business | Author: developers

A recent SurePayroll survey finds that an increase in the federal minimum wage will not affect most small business owners. The survey found that of more than 300 employers polled, 91% said they already pay employees above the current federal minimum wage of $5.15 an hour. And, 79.5% said an increase would have no impact on their business.

Upon speaking with several of those polled, SurePayroll reported that the majority of small business owners supported an increase in federal minimum wage. Although 59% believe it would have a negative impact on the overall small-business economy, only 10% believed it would force them to close down.