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Poll: Small Business Supports Higher Minimum Wage

April 25, 2013 Common Cents

Small Business Supports Higher Minimum Wage graphic 1A new poll finds substantial support among small business owners for raising the federal minimum wage.  Conducted on behalf of Small Business Majority, the poll finds that 67 percent of the small business owners surveyed would back an effort to increase the federal minimum above $7.25 per hour and to adjust it annually for inflation.

Two-thirds of small business owners agreed that increasing the minimum wage would help the economy as low-income consumers would have more money to spend on small businesses’ goods and services and would rely less on taxpayer-financed government assistance.

While the poll focuses on the federal minimum wage, it remains relevant for similar debates here in New Hampshire.  Opponents of bolstering the Granite State’s minimum wage often claim it would have an adverse affect on smaller employers and negative consequences for the state’s economy as a whole.Small Business Sees Higher Demand graphic 2

Yet, as the graphic to the right illustrates, the poll finds that the large majority of small business owners understand that a higher minimum wage can improve their bottom lines.

For more on restoring New Hampshire’s minimum wage, visit the American Friends Service Committee’s web site  or check out the information available from the National Employment Law Project.

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New Process Will Guide Formation of Next State Budget

18 Nov 2016

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Crafting a state budget is a long process that, in New Hampshire, begins well before the legislators who vote to make the budget law are elected. State statute requires the new governor, elected in November, to submit a complete budget proposal for the next biennium by February 15 of each odd-numbered year. Given that New Hampshire’s budget represents spending decisions for more than $5 billion of public money annually, a process for thoughtfully determining needs, priorities, and tradeoffs must begin earlier than November to be effective and thorough.