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    53% of small business owners support an increase in the minimum wage. 88% of those who would benefit from an increased minimum wage are 20 or older. Raising the minimum wage to $10. Per hour would save the government $4. Billion per year.

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    53% of small business owners support an increase in the minimum wage. 88% of those who would benefit from an increased minimum wage are 20 or older. Raising the minimum wage to $10. Per hour would save the government $4. Billion per year.

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    43 views2 pages

    Factsheet

    Uploaded by

    api-284296518
    53% of small business owners support an increase in the minimum wage. 88% of those who would benefit from an increased minimum wage are 20 or older. Raising the minimum wage to $10. Per hour would save the government $4. Billion per year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    WhyShouldWeRaisetheMinimumWage?

    BusinessesSupportAnIncreasedMinimumWage
    ofsmallbusinessownerssupportanincreaseintheminimumwage.
    53%ofsmallbusinessownersbelievethatahigherminimumwagewouldbenefit.
    businessesthoughloweremployeeturnover,increasedproductivityandcustomer
    satisfaction.
    LargecompaniessuchasTargetandWalmarthaveindependentlyraisedtheirwages
    abovethefederalminimumbecauseithelpsthemattractemployees.

    WorkingAdultsandTheirChildrenWouldBenefit

    88%ofthosewhowouldbenefitfromanincreasedminimumwageare20orolder.
    56%ofminimumwageworkersarewomen,and25%ofthemhavechildren.
    Theaverageminimumwageworkerearnshalfoftheirfamiliesincome.
    19%ofchildrenhaveaparentwhowouldbenefitfromahigherminimumwage.
    Afamilyoftwodoesnotearnenoughmoney,giventhecurrentminimumwage,tolive
    abovethepovertyline.

    AnIncreasedMinimumWageHelpstheEconomy

    Anincreasedminimumwagegivespeoplemoremoneytospendonitemsthey
    previouslycouldnotafford,aidingthelocaleconomy.
    Minimumwageworkersaremorelikelythananyothergrouptospendextramoneyon
    previouslyunaffordablegoodsorservices.

    AnIncreasedMinimumWageReducesGovernment
    Spending
    Raisingtheminimumwageto$10.10perhourwouldsavethegovernment$4.6billion
    peryearinSNAP(foodstamp)expenditures.

    TheMinimumWageHasNotKeptUpWith
    Inflation

    Theminimumwagehaslost5.8%ofitspurchasingpowertoinflationsince2009.
    Costshavebeenrisingasinflationrises,buttheminimumwagehasnotbeenraisedto
    keepup.

    SourcesandMoreInformation
    1.
    2.
    3.
    4.

    MinimumWageMythbusters
    fromtheUSDepartmentofLabor
    TargetIncreasesMinimumWageto$9perhour
    anarticlefromthe
    WallStreetJournal
    RaisetheWage
    awebsitefromtheWhiteHouse
    Howraisingthefederalminimumwagewouldhelpworkingfamiliesandgivethe
    economyaboost
    areportfromtheEconomicPolicyInstitute
    5. TheEffectsofMinimumWageonSNAPEnrollmentsandExpenditures
    areportbythe
    CenterforAmericanProgress
    6. 5FactsAbouttheMinimumWage
    fromPewResearchCenter

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