What do the studies say?

A Higher Minimum Wage Works for Small Businesses
A Higher Minimum Wage Works for Small Businesses

A Higher Minimum Wage Works for Small Businesses

April 8th, 2015
Raising Oregon’s minimum wage to $15 per hour would give small businesses more of what they need most: customers with money. A higher minimum wage could boost small businesses’ bottom line by putting more money in the pockets of those who are most likely to spend it locally. Research shows that higher minimum wages have not deterred small business job growth. Research also shows that a higher minimum wage increases worker productivity — a benefit for employers, including small business owners.
Raising Oregon’s minimum wage to $15 per hour would give small businesses more of what they need most: customers with money. A higher minimum wage could boost small businesses’ bottom line by putting more money in the pockets of those who are most likely to spend it locally. Research shows that higher minimum wages have not deterred small business job growth. Research also shows that a higher minimum wage increases worker productivity — a benefit for employers, including small business owners. - See more at: http://www.ocpp.org/2015/04/08/rpt20150408-higher-minimum-wage-small-businesses/#sthash.3ZbqMUgR.dpuf
  • A higher minimum wage can help boost the bottom line for small businesses.
  • Experience shows small businesses do fine with higher minimum wages.
  • Small business jobs paying under $15 account for small share of all Oregon jobs.
  • Most workers who would receive a wage increase work at larger businesses.
  • Employers experience productivity gains from a higher minimum wage.

There’s Oregon Precedent for a Big Minimum Wage Increase - See more at: http://www.ocpp.org/2015/02/20/blog20150219-precedent-big-minimum-wage-increase/#sthash.nQngd6DY.dpuf

There’s Oregon Precedent for a Big Minimum Wage Increase

February, 2015
If the Oregon legislature raises the minimum wage to $15 per hour by 2018 in three steps, as proposed by HB 2009, it would not be the first time lawmakers enact a substantial minimum wage increase.
In 1989, Oregon lawmakers raised the minimum wage, which then stood at $3.35. The result: By January 1, 1991, Oregon’s minimum wage was $4.75. That’s a 42 percent increase over two years. Oregon’s economy did well following the increase. That’s not to suggest causality, but rather to note that a substantial minimum wage increase can go hand-in-hand with solid economic growth.
  • A substantial minimum wage increase in Oregon is nothing new.
  • There’s precedent to raise the minimum wage to $15 by 2019.

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