Massachusetts Business for a Fair Minimum Wage Sign On Statement

As business owners and executives, we support gradually raising the Massachusetts minimum wage. It’s good for business, customers and our economy.

Workers are also customers. Today’s minimum wage is not keeping up with the cost of living. Raising the minimum wage boosts consumer buying power – increasing sales at local businesses as workers buy products and services they could not afford before. And nothing drives job creation more than consumer demand.

Raising the minimum wage makes good business sense. Low pay typically means high employee turnover. With lower turnover, businesses see reduced hiring and training costs, less product waste, and lower error and accident rates. Businesses benefit from increased productivity, product quality and customer satisfaction. Employees often make the difference between repeat customers and lost customers.

Raising the minimum wage is smart policy. It will reduce the strain on the social safety net caused by companies that pay their employees too little to live on. It will level the playing field among businesses, strengthen the economy, and help businesses and communities thrive.

Today’s $11 minimum wage, adjusted for the cost of living, is worth less than in 1968. We support gradually increasing the Massachusetts minimum wage by $1 a year, starting in 2018, until it reaches $15 an hour in 2021, and then adjusting it annually to keep up with the cost of living.

MASSACHUSETTS BUSINESS PEOPLE PLEASE CLICK HERE TO SIGN THE STATEMENT

If you are not a business person, please visit our partner Raise Up Massachusetts.

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