Minimum-Wage Hike Remains Concern in Monthly S.D. Chamber Survey
Despite looming minimum-wage increases, relatively few San Diego County businesses see a benefit in cutting their employees' work weeks to 30 hours, according to a recent survey.
Nearly half (47 percent) of those surveyed by the San Diego Regional Chamber of Commerce indicated scaling back to 30 hours would hurt their bottom line. The concern about taking that step was most pronounced among large firms, while micro firms with just one employee saw cutting hours as having no significant impact, the chamber reported Oct. 28.
Otherwise, the monthly survey sponsored by Silvergate Bank found business optimism was slightly improved from a month before. The chamber's Business outlook Index rose about 1 point to 16.8 from last month's historical bottom. That suggests optimism is still positive, because zero represents a neutral outlook.