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By Eliza Carter 
The Colorado Independent, October 06, 2016

Critics of a minimum wage increase in Colorado have a familiar refrain: Forcing employers to pay more will push small businesses to failure, especially those in rural communities.

But in a bid to put the popular argument to rest, the Colorado Businesses For A Fair [Minimum] Wage campaign today released a statement signed by over 200 Colorado businesses, including restaurants, clothing stores, energy companies, auto service shops and others, making the case for boosting the minimum wage.

Businesses For A Fair [Minimum] Wage is pushing to pass Amendment 70, which would gradually raise Colorado’s minimum wage from $8.31 to $12 per hour. Businesses signed the group’s statement to confirm that they believe an increase in the minimum wage is “good for business, customers and our local economy.”

The statement says that workers who are paid more are less likely to leave, reducing turnover. It also points out that workers with more money in their pockets have more to spend on Colorado’s economy. ...

The group says that business leaders continue to sign on daily.

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