Skip to content

NFIB Opposes Bill to Raise the State Minimum Wage

NFIB Opposes Bill to Raise the State Minimum Wage

April 11, 2024 Last Edit: July 25, 2024

The measure would increase the financial pressure on small businesses already dealing with inflation

NFIB State Director Leah Long testified before the House Labor and Industrial Relations Committee today on House Bill 290, legislation to establish the state minimum wage that’s higher than the federal minimum wage of $7.25 per hour.

Citing the most recent NFIB Jobs Report, Long told lawmakers that small businesses already have increased pay to attract and keep the best employees. “Small businesses right now are continuing to adapt their business operations to manage ongoing inflation pressures,” she said.

The Jobs Report said a net 38% of small businesses nationwide reported raising compensation, up three points from February’s lowest reading since May 2021. A net 21% planed to raise compensation in the next three months, up two points from February.

Unchanged from last month, a seasonally adjusted 37% of small business owners surveyed reported job openings they could not fill in the current period, the lowest reading since January 2021.

Click here to watch Long’s testimony. Her segment begins at about the 3:41 mark.

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

December 5, 2024
Small Businesses Applaud Passage of Legislation to Reduce Burde…
Read More
December 4, 2024
Michigan Small Business Owners Demand Action on Paid Sick Leave…
Read More
December 3, 2024
NFIB NJ on the Hardscape Huddle Podcast
In this insightful episode of the Hardscape Huddle, host Kyle sits down wit…
Read More
November 22, 2024
Special Session Ends With Tax Relief for Small Businesses
Read More

© 2001 - 2024 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility