Do you think a national poll of small business owners would show majority support for increasing the minimum wage? How about a poll in which the small business owners were predominately Republican?
The migration of women from the workforce into business ownership is one of the great economic realizations of the American Dream. The U.S. Women’s Chamber of Commerce has grown to more than 500,000 members. Most of our members are small business owners. And we aren’t opposing an increase in the minimum wage – we’re supporting it.
As a longtime businessman, I see a deficit in America that has received far too little attention. That’s the wage deficit experienced by growing numbers of Americans, with serious consequences for our economy.
Sen. Jim Webb (D-Va.) co-sponsored legislation Monday to raise the federal minimum wage from $7.25 to $9.80 over two years. The Fair Minimum Wage Act of 2012 (S.3453) would then index the minimum wage to inflation to keep up with future cost-of-living increases
The U.S. Women’s Chamber of Commerce supported the last increase in the federal minimum wage in July 2009 and we believe another raise is overdue. The business owners I talk with every day say that, far from hurting their businesses, raising the minimum wage in fact helps small businesses and the broader economy
This summer we’ve seen wild swings in the stock market, a last-minute debt deal, and even a rocking east coast earthquake. But one thing we haven’t seen – from Memorial Day to Labor Day – is any improvement in the economy. There are 14 million Americans officially counted as unemployed — many of them for [...]
Two years ago this week, 4.5 million of America’s workers enjoyed a modest pay increase, as the federal minimum wage rose from $6.55 to $7.25 an hour. The increase was the final of a three-step boost enacted in 2007. Of those getting a bump in pay, more than three-quarters were adults, nearly two-thirds were women, [...]