Statistically speaking: Small-business owners support an increase in federal minimum wage

According to a recent survey conducted by the Small Business Majority, a national small-business organization, 57 percent of small-business owners support increasing the minimum wage in three stages from $7.25 to $10.10 per hour. Here are some other findings from the report.

82% Small-business owners surveyed pay their employees more than the federal minimum wage.

52% Entrepreneurs think increasing the minimum wage will boost consumer demand for small businesses.

54% Owners think raising the minimum wage would decrease pressure on taxpayer-financed government assistance programs to make up for low wages.

Source: Small Business Majority