OPINION: Low minimum wage undermines economy
As a business owner who runs a manufacturing company with 150 employees, I strongly support increasing the federal minimum wage, which has been stuck at just $7.25 an hour since July 24, 2009. It will provide concrete benefits to businesses and will strengthen our overall economy.
Fair wages are part of the formula for success at my company, Spectronics Corporation, the world’s leading manufacturer of ultraviolet equipment and fluorescent materials. Raising the minimum wage will help America succeed as well.
Consumer spending drives about 70 percent of our nation’s economy. And wages drive consumer spending.