

Survey results were collected from 897 small business owner respondents via email in November 2019.
“Increasing minimum wage would increase buying power for many and give considerable boost to the economy.”
“I feel if the minimum wage was more than it is now then people could afford to buy more, and if people were able to afford more then it would pass on to all or most businesses.”
“Payroll is the biggest expense, when wages go up, so do taxes on those wages, so a minimum wage increase is a tax increase and a cost of living increase for all consumers.”
“The market should dictate wages not the government.”
18% are not sure if they would support a higher minimum wage.
16% of owners think a minimum wage increase would POSITIVELY affect their business, but 55% feel raising rates would hurt their business.
“Every employee should be able to meet his fundamental needs: paying his/her rent, transportation to go work, health insurance. The wealthiest country in the world should not tolerate poverty, and should put in place policies to improve people's lives.”
“Minimum wage was never intended to provide for a family…It still serves a purpose for entry-level jobs for high school students or for tasks that don’t require additional skills or training.”
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Copyright © 2023 SCORE Association, SCORE.org
Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.