‘Raising the minimum wage now would spell a death knell for many small restaurants’
January 26, 2021 SHARE President Joe Biden, amid a flurry of early executive orders and legislation initiatives, is considering a federal minimum wage increase which a Washington University in St. Louis researcher says could be dangerously too much, too soon. (Photo: Shutterstock)
President Joe Biden has expressed support for raising the federal minimum wage for federal contractors and employees to $15 per hour. On Jan. 26, House and Senate Democrats took it a step further introducing legislation to increase the federal minimum wage to $15 per hour by 2025, more than doubling the current minimum wage of $7.25 per hour set in 2009.