Minimum wage increases aren't a job killer: Small business survey [CNBC]
SVMK INC COMMON (SVMK)
Last svmk inc common earnings: 2/13 04:02 pm
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Source: CNBC
CNBC | SurveyMonkey Small Business Survey Looking for another sign of a strong economy? Nearly half of states in the U.S. just raised their minimum wage, and most small business owners reacted with a shrug. In the latest CNBC|SurveyMonkey Small Business Survey for the first quarter 2020, small business owners across the country report sustained optimism at the start of 2020, and only a minority report a negative business impact resulting from the increased minimum wages. In fact, in this quarter's survey, 57% of all small business owners say these minimum wage increases will have no impact at all on their business in 2020, indicating that they can absorb the cost of the wage increase, sustain any loss in profits and find ways to raise revenue to compensate for the increase on their balance sheets. Or perhaps many were always paying their workers above the minimum wage even before the change was made. The risk of a wage increase is that it will be set too far above the hourly rate that
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