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Labor Issues & Small Business

Minimum Wage

Small business owners know that more than doubling the federal minimum wage would lead to increased labor costs and tough choices. They must either increase the cost of their product or service or reduce labor costs elsewhere. The reduction in labor costs would be achieved through reduced jobs, reduced hours, or reduced benefits.

NFIB opposes the Raise the Wage Act because 92 percent of NFIB members opposed an increase in the federal minimum wage to $15.00 per hour by 2024 and annual increases in subsequent years in a recent member ballot. In March 2021 the Raise the Wage Act was considered in the U.S. Senate as an amendment to the American Rescue Plan Act and the amendment was rejected in a vote of 58-42.

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Get the Facts!
Our infographic below details how the $15 Federal Minimum Wage impacts smal…
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Wage Theft and Wage Recovery Act

NFIB Members Discuss the Wage Theft Prevention and Wage Recovery Act

SMALL BUSINESS RUNDOWN
Wage & Hour Laws Explained

In this episode of the Small Business Rundown, NFIB's Senior Vice President of Advocacy Adam Temple interviews Beth Milito, Executive Director of the NFIB Sm…

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