Tags: Minimum Wage | minimum wage | quotes | local business owners

5 Quotes From Small, Local Business Owners on Raising the Federal Minimum Wage

By    |   Wednesday, 08 Apr 2015 12:51 PM

Not all small business owners agree on raising the federal minimum wage. As lawmakers across the country debate the increase in the minimum wage that President Obama promoted in his 2015 State of the Union address.

Here are five quotes from small business owners:

Urgent: Do You Think the Minimum Wage Should Be Raised?

1. "The change in minimum wage will mean our payroll will increase roughly 39 percent. That increase will in turn bring up our total operating expenses by 18 percent. To make up for that expense, we would need to increase our sales by a minimum of 20 percent. We do not believe that is a realistic possibility for a bookstore in San Francisco at this time." - Owner of Borderlands Books talking about why the store would have to close due to minimum wage requirements.

2. "Providing a fair, livable wage to all workers creates stronger companies and supports a healthy economy with a growing rather than shrinking middle class, a vibrant local business sector, and solid consumer demand for products. It is smart, long-term thinking." - Tim Frick, owner of Mightybytes, a web design and marketing firm in Chicago, according to Business for a Fair Minimum Wage.

3. "As a small business owner who has always paid well above the minimum wage, it has been my experience that paying living wages makes good business sense. It is good for business, workers and the community." - Gary Theilen, owner of Theilen Farm and Cattle talking about why a minimum wage is not enough, according to Business for a Fair Minimum Wage.

Vote Now: How Do You Feel About the Minimum Wage?

4. "When it comes to something like the minimum wage, how can the federal government determine what's best for the entire population? $10 an hour might be okay in San Antonio, but it isn't going to go very far in San Francisco." - Gene Marks, columnist and small business owner.

5. "The minimum wage is a major anti-jobs policy ... Most minimum wage earners are not in poverty, yet their employment opportunities are impaired, as well as those who are. This is but one of the poorly designed policies that are created by politicians who have little or no understanding of how business works. They promise higher legislated wages or other benefits to constituents who don't understand the true economic impact in order to gain votes." - William Dunkelberg, Forbes contributor, who is the chief economist for the National Federation of Independent Businesses.

Tell Us: Should the Government Raise the Minimum Wage?

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Not all small business owners agree on raising the federal minimum wage. As lawmakers across the country debate the increase in the minimum wage that President Obama promoted in his 2015 State of the Union address.
minimum wage, quotes, local business owners
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2015-51-08
Wednesday, 08 Apr 2015 12:51 PM
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