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Small Business and Minimum Wage

[ 0 ] Apr. 30, 2014 | SBO Editor

Minimum wage

Where does small business stand on minimum wage? The National Federation of Independent Buisness (NFIB) says that minimum wage is another mandate on small business. The National Federation of Independent Business  sent a letter to the United States Senate stating that it is counting S. 2223 as an NFIB Key Vote in the 113th Congress. S. 2223, the Minimum Wage Fairness Act, would increase the minimum wage to $10.10, increase tipped wage, and permanently index it to inflation.

NFIB opposes any effort to increase the federal minimum wage because small businesses are the least able to absorb such a dramatic increase in their labor costs.

Minimum Wage

“Yet again, lawmakers are targeting the nation’s economic engine – small business owners – with an anti-employer agenda,” said NFIB Manager of Legislative Affairs Ashley Fingarson. “With increases to health care costs, higher taxes, more costly regulations, and now a dramatic minimum wage increase, small business owners simply can’t afford another excessive government mandate. It could not be clearer from our studies and the recent Congressional Budget Office report – raising the minimum wage will kill jobs and stifle economic output.”

NFIB uses the Key Votes each Congress to rate small business advocacy among Members of Congress. The information is then compiled and sent to each Congressional office at the end of the congressional session. Lawmakers who vote with small business 70 percent or more of the time may earn NFIB’s Guardian of Small Business Award, demonstrating their commitment to protecting free enterprise. Just as important, this report highlights lawmakers who vote against small business issues a majority of the time.

About NFIB

NFIB is the nation’s leading small business advocacy association, with offices in Washington, D.C. and all 50 state capitals. Founded in 1943 to give small-business owners a voice in public policy-making, NFIB’s policy positions are set by its 350,000 business-owner members, who send their views directly to state and federal lawmakers through NFIB’s unique member-only ballot. NFIB’s mission is to promote and protect the right of our members to own, operate and grow their businesses. More information is available online at www.NFIB.com/news.

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Category: Features