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 Higher Wages for American Workers Act and the Raise the Wage Act which would raise the federal minimum wage by over 106%. Ninety-two percent of NFIB members opposed an increase in the federal minimum wage to $15.00 per hour in a recent member ballot.
