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Do employers support minimum wage hike for San Antonio jobs?

Friday, October 2nd, 2015

Employers are, for the majority, supporting a minimum wage hike for San Antonio jobs, among other locations.

According to a new CareerBuilder survey, 64 percent of employers believe the minimum wage should be increased in their state, up from 62 percent last year.

Twenty-six percent of employers said they plan to hire minimum wage workers this year. Only six percent of all employers believe the federal minimum wage ($7.25 per hour) is fair. The majority (61 percent) felt a fair minimum wage is $10 or more per hour, up from 54 percent last year; and 11 percent said a fair minimum wage is $15 or more per hour, up from 7 percent last year.

The full breakdown of what employers consider to be a fair minimum wage is as follows:

$7.25 per hour: 6 percent
$8.00-$9.00 per hour: 24 percent
$10.00 per hour: 27 percent
$11.00-14.00 per hour: 23 percent
$15.00 or more per hour: 11 percent
No set minimum wage: 9 percent

But it’s not just minimum wage workers who are struggling. Nineteen percent of workers at all salary levels were not able to make ends meet during the past year.

Sixty-five percent of all workers say they’re in debt and while most say it’s manageable, it should be noted that 16 percent of workers ages 25-34 still live with their parents, 18 percent of all workers have reduced their 401k contribution and/or personal savings in the last year and 28 percent don’t set aside any savings each month.