Business Groups Not on Board with Minimum Wage Hikes

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Business Groups Not on Board with Minimum Wage Hikes

With the Biden administration in power and while Democrats control each congressional chamber, the left is wasting no time in attempting to ram through their favored policies. Apparently, killing off thousands of reliable union jobs by removing the Keystone pipeline was just a warm-up; the upcoming order of business is now increasing America’s federal minimum wage to $15.00 per hour.

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Republicans and Democrats have consistently differed on minimum wage hikes. Democrats assert that boosting the federal minimum wage will aid low-income Americans; meanwhile, Republicans note that raising the minimum wage puts a strain on business owners, thus leading to fewer hours for employees, additional layoffs, and higher costs in general.

Nonetheless, Sen. Bernie Sanders is pushing for a $15.00 per hour federal minimum wage; multiple business groups in America are now opposing this push.

The “Raise the Wage” Act

In Sanders’ Raise the Wage Act, the nation’s federal minimum wage would progressively increase until it reached $15.00 per hour in four years. Sanders and other left-wingers believe — or at least publicly assert — that this policy is in the best interests of workers; although, multiple business groups claim otherwise.