NFIB Says Small Businesses Would Be Negatively Impacted
President Obama has made raising the minimum wage a major part of his agenda for this year. He highlighted his call for an increase to $10.10 an hour during the State of the Union speech on Tuesday, and followed up with highlighting the issue in his post-speech tour. The President focused on the issue during a stop at a Maryland Costco on Wednesday. Typical of other parts of the Administration’s push, Labor Secretary Thomas Perez said this week at a hardware store in Washington, DC that “paying folks a fair wage is the essence of growing a small business.” The Maryland NFIB chapter, however, pointed out in the press that while Costco is a “fine company with a reputation for taking good care of its employees,” it operates on a scale that most small companies cannot match.
What It Means Going Forward:The legislative fate of the President’s proposal is unclear. He has already used his executive authority to set $10.10 as the minimum wage for federal contractors in 2015 and beyond.
Further Reading:The NFIB has laid out a comprehensive analysis of the issue and its impact on small business on its web page. The Guardian Liberty Voice runs coverage of the President’s stop at a Maryland Costco, along with NFIB’s response. Coverage of the President’s trip is also available from the Wall Street Journal, McClatchy, the Washington Post, and USA Today. The Milwaukee Journal Sentinel has a story that notes the President’s focus on the issue during a stop in Wisconsin on Thursday. The Washington Post also has a story on Labor Secretary Thomas Perez’s push for an increase while visiting a hardware store in DC.
This news article is intended to keep small business owners apprised of current events that may affect them. It does not necessarily reflect NFIB’s policy position on such issues.