Inside the 4Q/2016 Monitor

Small Business and the Minimum Wage

The Long Beach City Council recently voted to adopt a minimum wage policy consistent with the new CA state government statute. Under the new law, the minimum wage in Long Beach will increase from the current $10 per hour to $10.50 per hour at the beginning of 2017. It will then increase to $11 in 2018 and then incrementally every year until reaching $15 per hour in 2022. Smaller businesses (25 employees and under) will have an extra year to phase in the wage increases.
In our survey, we asked Long Beach Small Business Owners what they thought about the increase in the local minimum wage. Long Beach small business owners are split in their opinions. As shown in the chart below, 45% support, 45% oppose and 10% are undecided.

Q: The current minimum wage is $10 per hour.
Would you support or oppose a local ordinance to raise the minimum wage incrementally every year till reaching $15 per hour?
Graphic showing increase min wage

Community & Group Presentations

Click on the link to get more information about the LB Small Business Monitor. You may also contact us to schedule a personalized presentation for your community or business group by a CSULB Business Professor.

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