See the letter here.

The five-year economic census provides the most authoritative and comprehensive source of information about the entire U.S. economy, including U.S. territories like Guam, which is located in the western Pacific Ocean, and provides benchmark data for the gross domestic product. In 2012, Guam had 3,099 businesses with paid employees. These businesses employed 53,579 people and accounted for $1.3 billion in annual payroll. By comparison, in 2007 Guam had 3,143 employer businesses, with 52,394 employees and an annual payroll of $1.1 billion.

Use the tool to discover Guam business revenue against operational costs, and operational costs against payroll costs, and you decide if Guam can afford the raise.

The testimony from many Guam Business Owners in opposition tell a story of struggling businesses on the brink, who cannot afford the personnel costs, and will not remain competitive or in demand if they raise prices. The table below demonstrates a much different reality. The table below demonstrates that the private sector can afford the increase. Don't let greed lie to you, let the information provided by the Economic Census from 2012 tell you the truth.

Find charts and facts from the presentation prepared by the Council of Economic Advisers, “The Economic Case for Raising the Minimum Wage"