Re: “Minimum wage hike will help Colorado economy, according to DU study,” Sept. 13 business news story.
A new report showing an increase in Colorado’s minimum wage won’t in fact be a job killer came as no surprise. This research reinforces what many small business owners are saying — that an increase will stimulate our economy by putting more money in the pockets of consumers who will spend at local businesses.
I talk to small business owners all over the state, and many say they support a higher minimum wage because it reduces turnover and increases productivity, which is good for their bottom line. What’s more, Small Business Majority’s opinion polling found 60 percent of small businesses nationwide support gradually raising the minimum wage to $12 per hour by 2020.
This will continue to be a hot topic of debate as we approach Election Day. But when it comes to issues like this, we should listen to small business owners themselves — and they support raising the minimum wage.
Tim Gaudette, Denver
The writer is Colorado outreach manager for Small Business Majority.
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