Minimum Wage

The federal government’s proposed Raise the Wage Act would increase the national minimum wage to $15 per hour. While proponents believe that a $15 per hour minimum wage would lift nearly 1 million people out of poverty, others say that it would only hurt small and midsized businesses (SMBs), which make up the majority of American employers. Impacts of a Higher Minimum Wage As we’ve covered before, wage increases may cause problems for SMBs. A…