This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MA Small Business Owners Support Minimum Wage Increase

BOSTON, Nov. 19, 2013 /PRNewswire-USNewswire/ -- Business owners support Senate legislation to raise the Massachusetts minimum wage for the first time since 2008. They believe that gradually increasing the minimum wage from its current $8 per hour to $11 by 2016 and then adjusting it annually for inflation would be good for business and the economy.

"Minimum wage workers are more likely to earn their money locally and spend it locally," said  David Warner, President and Co-Owner of City Feed and Supply, an award-winning market and cafe with 50 employees. "Raising the wage is good for the workers and good for the local economy. It is an actually true example of an oft-misused cliche - a rising tide can lift all boats."

"I have owned a small business employing 37 people for nearly 23 years," said  Rachael Solem, Owner and General Manager of Irving House and Harding House in Cambridge and a recent Massachusetts Lodging Association General Manager of the Year for small properties. "My starting wage is already $10 – leading to a more stable workforce and customer service I'm proud of. This is a reasonable increase in the minimum wage given current and rising costs of living."

"A fair wage goes a long way to creating a productive and sustainable workforce," said  David Starr, Co-founder of Berkshire Natural, a vending company, in Northampton. "Paying people a wage that is not sustainable to support themselves causes stress, distraction and a loss of self-esteem."

"Raising the minimum wage makes good business sense," said  Holly Sklar, Director of Boston-based Business for a Fair Minimum Wage. "At $8 a hour, minimum wage workers have much less buying power now than their counterparts had in 1968 when the minimum wage was worth $10.77, adjusted for inflation. We can't build a strong economy on a falling wage floor."

Business for a Fair Minimum Wage (BFMW) has a sign-on statement for MA business people supporting a minimum wage increase:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs