The debate over raising the federal minimum wage is heating up. The President and many Congressional representatives would like to raise the minimum hourly rate from $7.25 to $10.10, but others say this change would hurt businesses and job creation. What do Americans think about the proposal? And how many people would this change impact today?
In Ask Your Target Market’s latest survey, 7% of respondents said that they currently work for minimum wage. Another 76% said they have worked for minimum wage in the past. And just 18% of respondents said they’ve never worked for minimum wage.
In general, just 8% of respondents said they consider the current federal minimum wage of $7.25 per hour to be a livable wage. 83% do not consider the current minimum wage to be livable. And 9% were undecided.
Raising the Wage
More specifically, 59% of respondents said they would support the President’s plan to raise the current minimum wage to just over $10 per hour. Another 20% said that they are generally supportive of raising the minimum wage, but maybe wouldn’t raise it that high. 12% said they definitely would not support a plan to raise the minimum wage. And 10% were undecided.
But there might be drawbacks to raising the minimum wage, especially for businesses. 16% of respondents said they definitely think that raising the minimum wage would hurt job creation. 32% think that raising minimum wage would probably hurt job creation. 39% think it probably would not hurt job creation. And just 13% think it definitely would not hurt job creation.
You can view the complete survey results in the widget below and be sure to click “Open Full Report” to take advantage of all the chart and filter options.
Photo Credit: President Obama Promotes Minimum Wage Increase during Costco Visit from Flickr
What do you want to know? If you need some consumer insights on a particular topic, let us know in the comments below and we’ll consider it for an upcoming survey post.
Results were collected on February 25 via AYTM’s online survey panel.