Chief Financial Officers across the country say that hiking the federal minimum wage could lead to mass layoffs. Rebecca Martinez reports they're not willing to move far from the $7.25-per-hour standard.
Duke University and CFO Magazine Global Business Outlook Survey wrapped up Friday, after 74 consecutive quarters. It's world's longest-running survey of senior finance executives. They say few companies would act if the minimum wage were raised to $8.75 an hour.