LAW MAKERS CONSIDERING POTENTIALLY DETRIMINTAL DECISION FOR SMALL BUSINESS
CONCORD (March 2, 2015): The National Federation of
Independent Business (NFIB) is poised to testify tomorrow in front of the
Senate Finance Committee as they consider whether or not to increase New
Hampshire’s minimum wage, a move that would be detrimental to small business
across the state.
“Increasing the minimum wage will have a negative impact on
New Hampshire’s employers as well as those seeking employment.” According to
NFIB New Hampshire State Director Bruce Berke, “We have heard from many of our
members that an increase in minimum wage will be a deterrent for them to hire
additional people.”
SB2601 would increase the minimum wage to $8.25 an hour on
January 1, 2016, to $9.00 an hour on January 1, 2017, and to $10.00 an hour on
January1, 2018, placing New Hampshire at a competitive disadvantage both with
surrounding states and nationwide.
“Businesses are in the midst of surviving one of the longest
economic downturns in our history. By adding to the cost associated with
keeping a business running, employers will be forced to compensate for the
additional money necessary by passing on the costs of goods and services to
their consumers.” Continued Berke.