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Feb11
Can you live off $5.15 a day?

If small business in America is an economic engine, then the minimum wage of $5.15 buys you what? A gallon and a half of gas? A commute ticket there and back for Monday? Lunch on Tuesday? An hour of child care on Wednesday?

My company, 10K Group LLC, has signed on to Business for a Fair Minimum Wage,  an initiative to call attention to the minimum wage, along with:

  • Jim Sinegal, CEO, Costco
  • Eileen Fisher, chief creative officer, apparel company Eileen Fisher
  • John Arensmeyer, CEO, Small Business Majority
  • Margot Dorfman, CEO, US Women's Chamber of Commerce
  • Jeffrey Hollender, president, Seventh Generation
  • Michael Kieschnick, president, Working Assets
  • Alex Von Bidder, president, The Four Seasons Restaurant, NY

As a signatory, we assert that a minimum wage of $5.15 an hour must be raised so that workers may afford necessities for themselves and their families.

fairminimumwage.jpgHigher wages benefit business by increasing consumer purchasing power, reducing costly employee turnover, raising productivity, and improving product quality, customer satisfaction and company reputation.

Doing good also means doing well: in a recent National Consumers League survey, for example, 76 percent of American consumers said "how well a company treats/pays employees influences what they buy."

I encourage you to sign on and learn more about the campaign here:

http://businessforafairminimumwage.com/ 

 

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2 Comments/Trackbacks




» Can You Live off $5.15 a Day? from BizzBites.com
Higher wages benefit business by increasing consumer purchasing power, reducing costly employee turnover, raising productivity, and improving product quality, customer satisfaction and company reputation. [Read More]

» Know More Media Review: A Mélange 'o Controversy from Know More Media
SistersInBiz author Monica Flores is conscious about incorporating social justice into her business practices. A recent article calling for companies to sign a petition to have minimum wage further has sparked an interesting debate on Newsvine. I fear ... [Read More]

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