A group of successful well-off business leaders makes it clear that raising the minimum wage is a good thing for businesses, North Carolina and the national economy. A statement released by Patriotic Millionaires, a group of high-net-worth Americans who are committed to building a more prosperous, stable and inclusive nation, states that the core intent of recent legislation passed by North Carolina state lawmakers – known as the “bathroom bill”—was designed to prevent cities and towns across North Carolina from putting more money in the hands of potential customers. This was achieved by state lawmakers prohibiting the ability of local governments to increase their respective minimum wages.
Here are some facts regarding public support for raising the minimum wage.
- 80 percent of business leaders nationally support a higher minimum wage, finds a survey conducted by the US Chamber of Commerce. The public is likely unaware of this fact because the US Chamber is against raising the minimum wage, so suppressing this important fact serves the national Chamber’s interest.
- The majority of Americans support raising the minimum wage, with nearly half supporting raising it to $15 an hour.
- 62 percent of North Carolinians support a minimum wage of $15 an hour. Despite this majority support, state lawmakers refuse to take action on this issue.
- Consumer demand represents 70 percent of the nation’s economy. Accordingly, increasing the amount of dollars in workers’ paychecks by raising the minimum wage contributes to a stronger, more robust national and state economy.