CNBC: As support for $15 minimum wage gains momentum, Main Street fears it’s not the right time

Date: January 25, 2021

NFIB: Small businesses know these policies will make it even harder for them to compete against their larger competitors

Quoted in a news story today on CNBC, NFIB voices Main Street’s opposition to President Biden’s proposed federal minimum wage hike. 

Advocacy group the National Federation of Independent Business echoed that sentiment, saying small companies will be disproportionately harmed.

‘We are concerned that elements of this plan would hurt the businesses that have borne the lion’s share of the pain from the pandemic,’ said Kevin Kuhlman, NFIB vice president of federal government relations, in a statement. ‘Big business may be fine with a dramatic increase of the federal minimum wage and paid leave mandates as they’ve been thriving during the pandemic, but small businesses know these policies will make it even harder for them to compete against their larger competitors.'”

Read more: In a statement following President Biden’s stimulus plan reveal on January 15, NFIB urges congress not to harm small business recovery.

 

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