Minimum wage increases aren't a job killer: Small business survey

, specifically — few small business owners are complaining about the wage boost. Perhaps more significantly, even those who expect a business impact thanks to the change only rarely say they will cut headcount as a result.

The states implementing minimum wage increases in 2020 are a true cross-section of the country, representing every region and political leaning. Florida's was the smallest dollar-value increase: a tiny 10-cent bump from $8.46 to $8.56. Washington state had the highest dollar-value increase — a $1.50 boost from $12 to $13.50 — tied with New Mexico's increase from $7.50 to $9.

The percentage of business owners who say they may be forced to cut workers or reduce hours are the same regardless of whether a small business owner is based in a state with or without a 2020 minimum wage increase. Past CNBC/SurveyMonkey Small Business Survey results have shown that in a tight job market and a strong economy, small business owners are going to extreme lengths to attract and retain good workers.

MakeIt These aren't facts lol

MakeIt no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no Even

MakeIt 2118 sample size. Hardly an accurate sample.

MakeIt No it's not, and it's called 'social progress'...

MakeIt ☦️🛐

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus live updates: Virus hits small business owners, Iran says two test positive for virusAs of Wednesday, more than 75,200 cases of coronavirus have been reported, resulting in at least 2,000 deaths. Parroting CCP propaganda. The numbers are obviously fake.
Source: CNBC - 🏆 12. / 72 Read more »

The coronavirus means tense times for small business owners who import products from ChinaFor small business owners who sell products on Amazon, prolonged factory closures threaten supply, and falling out of stock can mean losing a prized ranking on the website.
Source: CNBC - 🏆 12. / 72 Read more »