CURRENT SIGNERS include • Stonyfield • &pizza • Eileen Fisher • ECOS • Zingerman's • NRS • Room & Board • Organic Valley • Cambridge Naturals • Gentle Giant Moving • Parnassus Investments • Dr. Bronner's • BrightFarms • Amalgamated Bank • Raygun clothing • BA Auto Care • American Income Life • AFI Contractors • Georgia Beer Garden • Seventh Generation • Made in KC • Beauty & Beyond • Canton Ace Hardware • UncommonGoods • Equal Exchange • Porter Square Books • American Sustainable Business Council • U.S. Women's Chamber of Commerce • Over 1,300 Signers
As business owners and executives, we support gradually raising the federal minimum wage to $15. It’s good for business, good for customers and good for our economy.
Workers are also customers. Today’s $7.25 minimum wage – just $15,080 a year for full-time workers – doesn’t even cover the basics. Raising the minimum wage puts money in the pockets of people who most need to spend it, increasing sales at businesses and boosting the economy.
Raising the minimum wage makes good business sense. Low pay typically means high turnover. Raising the minimum wage pays off in lower employee turnover, reduced hiring and training costs, lower error rates, increased productivity and better customer service. Employees often make the difference between repeat customers or lost customers.
Raising the minimum wage is smart policy. It will reduce the strain on the safety net caused by wages that people can’t live on. It will help level the playing field for businesses and strengthen the consumer spending businesses depend on to thrive.
Note: This statement was launched in January 2019. The 2019 Raise the Wage Act called for raising the minimum wage to $15 by 2024. In July 2019, the House passed the amended Raise the Wage Act, which would raise the minimum wage to $15 by 2025, but the Senate has not acted.