New Survey Highlights Real Consequences of Wage Policies; One-Third Would Raise Prices; 3 Percent Would Shut Down
Express Employment Professionals released new survey results revealing how businesses would react to a minimum wage increase to $15 per hour.
In a survey of 1,030 businesses, respondents were asked, “What action(s) would you take if minimum wage increased to $15 an hour.” They were asked to select all responses that applied.
Forty-three percent reported that they would have to increase the lower wages in their companies to comply with the minimum wage increase.
Thirty-four percent warned that the $15 minimum wage would…