More than doubling the federal minimum wage–which has been proposed–presents a significant obstacle to ailing Small Businesses trying to survive this pandemic. Lawmakers’ well-intended efforts to increase the federal minimum wage will cause a hardship for many small firms, particularly those in highly competitive industries, and could lead to reduced work hours, lay-offs and stalled Small-Business growth.
 

Lawmakers should oppose legislation that would: increase the federal minimum wage to $15 per hour over five years; allow for annual automatic increases without the consent of Congress; or eventually eliminate the tipped wage.