Finally, an analysis by the Economic Policy Institute shows that “raising the federal minimum wage to $10.10 per hour and indexing it to inflation would generate more than $30 billion in new economic activity and support the creation of 140,000 new full-time jobs as businesses expand to meet increased consumer demand.” (www.epi.org/files/2013/bp357--federal-minimum-wage-increase.pdf)
For small business owners who feel that they would be hit the hardest by an increase in the minimum wage, we recommend a visit to this website www.raisetheminimumwage.com/pages/job-loss.
As we see it, this is not about corporations being unable to come up with the funds to pay a decent minimum wage. It is about fairness. A system that keeps gainfully employed, fulltime workers in poverty and counts on taxpayers to make up the difference is not fair to those workers or to society. The time has come to raise the minimum wage from its current poverty level of $7.25.