Colorado

Mar 5, 2014 7:52 PM by Leah Kraus

Many small businesses support minimum wage hike

Lawmakers in Washington are still struggling over a proposal from President Obama to raise the minimum wage to $10.10 an hour.

Many small businesses in Colorado Springs are voicing their support over the proposal.

Kait Beck, manager of Dream Catchers Art Gallery says a raise would help improve living conditions and argues that it would force businesses to budget their money better by paying employees more.

"Maybe put their money towards the people that are behind the business instead of things that could maybe be a waste of money," says Beck.

Just down the street at Terra Verde, thoughts are similar. Owner Chris Sondermann says when you pay people better wages, they're more motivated to do a better job at work.

"It's a little short-sighted to run business on the absolute tightest wage level that you can."

The Small Business Development Center is able to assist small businesses when they need it.

Right now the minimum wage in Colorado stands at $8 an hour, which is higher than the current federal minimum wage rate of $7.25 an hour.

Earlier this year, the President signed an executive order raising the minimum wage to $10.10 an hour for some federal contract workers.

 

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