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Former CKE Restaurants CEO Andy Puzder argues it ‘makes absolutely no sense’ for the Biden administration to raise the federal minimum wage as businesses are suffering amid the coronavirus pandemic. Democrats reintroduced the Raise the Wage Act Tuesday, which would increase the U.S. minimum wage from $7.29 to $15. For franchise owners, this increase could be catastrophic. Michael Wagner, President of Pool Scouts, a swimming pool maintenance company, tells FOX Business, costs for their franchises will skyrocket. “Pool Scouts is the premium brand in the swimming pool cleaning and maintenance business, with 65 territories awarded to 26 franchisees,” Wagner said. “Our biggest costs are labor and chemicals. While chemical cost increases are passed directly on to customers, the labor cost increase will require our franchise owners to raise their prices for our most common services: weekly and biweekly cleanings.”

United statesDan henningerTodd leffRobert maynardMichael wagnerPremium service brandsSenate budget committeeEconomic policy instituteMarks groupWage act tuesdayPool scoutsWall street journalSenate budget committee chairman bernie sandersGene marksStone massageFacial spa todd leff