As we enter an election year, Americans’ perceptions of economic health matter more than ever. Small business owners are often seen as a bellwether given how acutely they feel changes in policy, and understanding their concerns around inflation and the cost of doing business can shine a light on how voters will respond in November.
Many states and cities have recently raised or are in the process of raising their minimum wage, with some setting higher requirements than the federal minimum wage to match the local cost of living. New data from the Q1 2024 WHNY News|SurveyMonkey Small Business Survey shows that the majority (61%) of small business owners support raising the minimum wage in their state, even while half (50%) believe it could make it difficult to afford the workers critical to their businesses.
The survey, fielded among more than 3,000 self-identified small business owners in the U.S. from January 22 to February 1, 2024, highlights an interesting paradox, with small business owners expressing both support and concern over an increase in minimum wage.
Differences among generations, industries, and politics
In recent months, some business owners have expressed support for minimum wage increases in the hopes that higher salaries in their communities will give potential customers more spending money, raise tax revenue that can be used to improve the local community, and increase employee satisfaction by meeting cost-of-living demands. Yet another faction of business owners worry that a wage hike will hurt profitability — especially for businesses where profits are already razor-thin — and reduce their ability to hire entry-level workers.
In the WHNY News|SurveyMonkey study, the groups most likely to support minimum wage increases are business owners who are women, Black, under 45 years of age, Democrats, or work in the arts/entertainment or non-profit industry. Younger small business owners are also more likely to believe that a minimum wage increase will help their business.
The groups that are least likely to support minimum wage increases are men, over the age of 45, white, Republicans, and/or who work in manufacturing or agriculture.
Small business owners with unfilled job openings within the last three months at their company are split on their support for minimum wage increases: slightly more than half (54%) support increases, while under half (45%) oppose. Two-thirds (68%) also express concerns over their ability to hire new employees as a result of wage increases.
Widespread worry over the potential impact on their business
Overall, small business owners are split on whether a minimum wage hike will affect their ability to hire new employees. Half (50%) believe an increase will make it harder to hire, while just under half (49%) do not expect any impact. Notably, twice as many small business owners with unfilled job openings within the last three months believe that a higher minimum wage will mostly harm instead of help their business (51% vs. 25%). Even proponents of a minimum wage increase worry about its impact on their bottom line, with business owners who are women (45%), younger (58%), and Black (46%) expressing concerns about worker affordability despite being the groups most likely to support such policies.
Despite the overall support for increasing the minimum wage, small business owners seem uncertain about how that may impact their own businesses. Just one in five (19%) small business owners believe that a higher minimum wage will help their business, a striking stat considering nearly two-thirds (61%) support it. In fact, 38% believe that an increase would harm their business.
These conflicting feelings among small business owners showcase the nuanced nature of this discussion. For more than a decade, the Fight for $15 movement has advocated for higher minimum wage laws around the country, and many local communities are grappling with high costs of living. As more states and cities move toward a higher minimum wage, it will be interesting to watch how Main Street sentiment continues to evolve.
krystopher villumsen
chucky cambrelen
appollonia clerides
Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycasino activities.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
527881 308668There is noticeably plenty of dollars to realize about this. I suppose you created certain good points in functions also. 462269
292594 970776I adore your wordpress web template, wherever would you download it from? 813702
Das Angebot beträgt 50% bis zu 100 Euro und muss bei Deiner nächsten Einzahlung mit dem Code RELOAD aktiviert
werden. Der 20Bet Sportwetten Bonus gilt zudem als verloren, wenn das Guthaben des Kontos unter
den Mindesteinsatz liegt. Du fragst Dich, ob es auch
im Sportwetten Bereich Bonusangebote gibt?
Kunden profitieren zusätzlich von einem persönlichen VIP-Manager, exklusiven Bonusangeboten, Freispielen und Bonusguthaben. Stufe wirst du dann mit 10 bis 100 Freispielen belohnt.
Bei 20Bet kannst du dir auch auf jede Einzahlung einen Bonus in Form von Freispielen sichern.
Die Freispiele des ersten Bonus werden dir über 4 Tage hinweg zu jeweils 30 Freispielen gutgeschrieben. Für beide Boni beträgt
die Mindesteinzahlung jeweils 20€ und der Bonus kann direkt im
Kassenbereich ohne einen 20Bet Bonus Code
eingelöst werden.
References:
https://online-spielhallen.de/casino-online-kostenlos-gratis-spielen-ohne-anmeldung/
Every week, players can enjoy bonus spins on selected pokies, ensuring that you have plenty of chances
to spin the reels. Our free spins and reload bonuses are designed to keep your gaming experience fresh and exciting.
Our impressive array of games ensures endless
entertainment, featuring everything from classic slots to live dealer experiences.
Renowned for its unparalleled selection of games and robust security measures, Casino Mate stands out as a
top choice among Aussie players. Players who prefer to spend their Casino
Mate time on other casino games can also enjoy table games like roulette, craps, baccarat, video poker and blackjack.
The casino is powered by Microgaming software, which is a leader in the online casino industry and is also licensed
under the Malta Gaming Authority.
This Australian online casino site Mate also has an exclusive four-tier Vegas Partner Lounge loyalty program.
Invite your friend to the casino and you will get even more bonuses!
Visitors have the opportunity to enjoy the live gaming process from mobile with Android and iOS software.
Using the settings, gamblers will be able to filter the slots by subject, form the rating of their
favorite games, and then have a good time exploring all the slots offered.
In the process of playing for real money, the user can hit a
huge jackpot. The slots are based on the HTML5 platform, so
players can enjoy a high level of play that both knowledgeable users and beginners
will appreciate.
References:
https://blackcoin.co/microgaming-casino-bonuses-and-how-they-work/
FlixBus connects Sydney and Canberra with a comfortable and affordable service, linking Australia’s largest
city with the nation’s capital. Greyhound Australia
is Australia’s leading coach company with over
180 stops with services in every mainland state and territory.
The fastest way to travel is by flight, which takes approximately 55 minutes.
Take the Murrays bus on our popular Sydney to Canberra service, running regularly, every day.
You can apply for this offer once per year to support affordable language learning.
The translated text is re-inserted into your document, preserving the original layout.
Upload your document and we’ll instantly translate it for you while preserving its delicate
layout. Simply input the English words or text, select your desired target language,
and get the online translation instantly. Then, select the
source and target languages you want to translate to. Our services are based on subscription plans that can be adjusted according to your
needs and preferences (access to a Premium Translator, additional setup, personal
Account Manager, etc.). Once you have passed the assessment, you’ll be
able to become a regular translator and translate blog articles, social media posts, Zendesk tickets, and more
into your account.
The train from Sydney to Canberra will take approximately 4 hours.
Explore the most current information on trains from Sydney to Canberra Sydney AirportInternational Terminal
T1,Bay 9, bus & coach bays This service stops daily at the
Sydney International Airport (T1). Please check our booking page for service availability.
References:
https://blackcoin.co/rocketplay-casino-australia/
online casino that accepts paypal
References:
https://pizzaepp.co.kr/bbs/board.php?bo_table=free&wr_id=22
online betting with paypal winnersbet
References:
https://www.to-hub.shop/bbs/board.php?bo_table=free&wr_id=228
35092 663944Some really quality weblog posts on this website, saved to fav. 23499