Former Small Business Administration head Linda McMahon argued that small businesses are “'impacted most by inflation,” which sits near a four-decade high.
Daily Caller reports:
Large corporations have endorsed and lobbied for a $15 federal minimum wage in recent years, but while they can afford such a policy, small businesses would be harmed, multiple studies have shown.
“More than doubling the federal minimum wage is one of the policies that would threaten the fragile small business economic recovery,” said National Federation of Independent Business Vice President of Federal Government Relations Kevin Kuhlman.
The $15 minimum wage would result in 1.3 million workers losing their jobs, a 2019 Congressional Budget Office report estimated.
Large corporations have endorsed and lobbied for a $15 federal minimum wage in recent years, but while they can afford such a policy, small businesses would be harmed, studies have shown.