The majority of employers are in favor of raising state minimum wages, according to a survey by Careerbuilder, who found that two-thirds of them were in favor of doing so.

But why have employers — historically opposed to minimum wage hikes —  turned into supporters? Here's what CareerBuilder's Harris Poll of 2,188 HR professionals found from employers who want an increase in their state minimum wage:

  • It can improve the standard of living: 74 percent
  • It can have a positive effect on employee retention: 58 percent
  • It can help bolster the economy: 55 percent
  • It can increase consumer spending: 53 percent
  • Employees may be more productive/deliver higher quality work: 48 percent
  • It can afford workers the opportunity to pursue more training or education: 39 percent

Also read: Minimum wage hike could improve health

They were also asked what they thought the minimum wage should be increased to. (Current federal minimum wage is $7.25 per hour.) Here's what supporters of an increase said:

  • $8 or $9 per hour: 29 percent
  • $10 per hour: 29 percent
  • $11-$14 per hour: 19 percent
  • $15 or more per hour: 7 percent
  • No set minimum wage: 9 percent

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.