By Raef Lawson, PH.D., CMA, CPA, CFP, CFA
August 4, 2015
Definition of the word Minimum wage in a dictionary

IMA® surveyed a sample of its senior financial professional members to gauge the impact of an increase in the minimum wage amount. Some findings were surprising.


  • 65% believe that raising the minimum wage would have no or minimal impact on their company’s profit.


  • 52% feel that raising the minimum wage would have a negative impact on the growth of the U.S. economy.


  • 29% believe that such an increase would result in staff reductions.


  • 25% believe their firms would have to cut services or hours in response to a raise in minimum wage.


  • 57% don’t believe an increase in the minimum wage would cause their firm to significantly raise prices.


Read the full report in the IMA Pulse blog at http://bit.ly/1RMyN1h.


Raef Lawson, Ph.D., CMA, CPA, CFP, CFA, is professor-in-residence and vice president of research and policy at IMA. You can reach him at (201) 474-1532 or rlawson@imanet.org.
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