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Global Business Outlook Survey - First Quarter, 2014

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Published on Mar 11, 2014

CFO SURVEY: $10 MINIMUM WAGE WOULD KILL A SIGNIFICANT NUMBER OF JOBS

DURHAM, N.C. -- Increasing the minimum wage nationwide to $10 per hour would lead to substantial job losses among retail, service and manufacturing firms, according to U.S. chief financial officers.

That is just one of the findings of the latest Duke University/CFO Magazine Global Business Outlook Survey, which concluded March 6. Other results include the impact of economic uncertainty, the real estate bubble and Federal Reserve monetary policy.

The survey has been conducted for 72 consecutive quarters and spans the globe, making it the world's longest running and most comprehensive research on senior finance executives.

For additional comment, contact Alex Granados at alexander.granados@duke.edu

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