For more information or media inquiries regarding business support for raising the minimum wage, please visit Business for a Fair Minimum Wage.
"While some may say minimum wage will hurt employers, particularly small businesses, my members tell me that just is not true. The migration of women from the workforce into business ownership has been one of the great economic achievements of the American dream. As women moved from employees to business owners, we have brought a new perspective to America's business leadership. Women now own over thirty percent of all firms in the United States and are exercising the decision-making authority that comes with that role to effect positive changes in the workplace. Our members tell us that – even as business owners – they understand and respect the ongoing struggle against wage discrimination that women continue to face, and they recognize the need to support workers as they seek fair treatment in the workplace.
As a matter of fact, businesses that pay unfairly, may actually be competing unfairly with women-owned firms who recognize the right to fair pay and work hard to assure that their employees are paid fairly.
The business owners with whom I talk every day believe that, far from hurting their businesses, raising the minimum wage in fact helps small businesses, women workers and the broader economy. Raising the minimum wage reinforces their business strategies, rather than undermining them."
This quote is excerpted from Ms. Dorfman's testimony to the Labor and Public Employees Committee of the Connecticut General Assembly, February 28, 2012, in support of legislation to raise the minimum wage in Connecticut. Read her complete testimony here.
Margot Dorfman is CEO of the U.S. Women's Chamber of Commerce. The Women’s Chamber has over 500,000 members, most of them small business owners. www.uswcc.org
“As a small business owner, I support increasing Maryland's inadequate minimum wage because it makes good business sense. It's important for our economic recovery and progress. If my business, a small nursery in rural Harford County, can profit and grow when paying a wage people can thrive on, then there's no reason any viable business cannot do so. Businesses that pay lower wages almost always have higher turnover. Instead of paying adequate wages, the owners are paying to recruit and train new workers who aren't as productive as a more stable work force. Today's minimum wage has far less buying power than it had in the 1960s, weakening the consumer demand at the heart of our local economy. People at the lower end of earnings tend to spend 100 percent of their after-tax income. They put it right back into local businesses, buying food, clothing, car repairs and other necessities. That money spent locally adds more jobs, boosts our economy and broadens our sales and income tax base. Raising the minimum wage will move us toward a more stable and sustainable economy.”
John Shepley is co-owner of Emory Knoll Farms Inc., a wholesale nursery in Harford County, MD. He is also chairman of the Chesapeake Sustainable Business Alliance, which includes nearly 200 local and independent businesses and signed the Business for a Fair Minimum Wage statement in support of raising Maryland's minimum wage.
“I am co-owner with my wife of British American Auto Care Inc. an auto service and repair facility in Columbia, Maryland. We have been in business since 1978 and our company has won many awards, including Maryland Small Business of the Year. Our employees are a big reason why. We pay our employees a fair wage with benefits. But some businesses pay so little their employees can’t make a living. Raising the minimum wage is the right thing to do. We should be moving working Marylanders as far away from needing the social safety net as possible. Raising the minimum wage raises everyone up.”
How much the federal minimum wage would be if it had kept up with inflation over the past 40 years. Instead, itís $7.25. Learn More