Businesses Warn Against Increasing Federal Minimum Wage

"Bernie Sanders" (CC BY-SA 2.0) by Gage Skidmore

Throughout the 2020 presidential election, Trump and other Republicans warned about the danger of Biden becoming president. The GOP stated that should Biden occupy the presidency, job loss, lawlessness, and more government control would follow.

The first week of Biden’s presidential term has proven the merit of the aforementioned warnings. At least 11,000 union and manufacturing jobs are gone since Biden shut down Keystone pipeline construction; meanwhile, Antifa is tearing up cities across the nation and the 46th president signed a federal mask mandate via executive order before violating it.

Businesses Warn Against Increasing Federal Minimum Wage
“Capitol chaos fallout: Impeachment calls” (CC BY 2.0) by wuestenigel

With the left in control of the White House and Congress, Democrats are in a hurry to pass their policies, as Newsmax confirms. One of these policies includes hiking the country’s federal minimum wage, a measure widely opposed by several different business groups.

The Push to Increase the Minimum Wage

On Monday morning, Sen. Bernie Sanders announced his legislation to “Raise the Wage” to $15.00. Under the socialist’s plan, the minimum wage would gradually go up until it reached $15 by the year 2025. Sanders believes that this proposal will help workers scraping by on “starvation wages,” but business groups claim otherwise.

Business groups such as the National Restaurant Association, International Franchise Association, and others warn that Sanders’ legislation, if successful, will only hurt businesses. Restaurants that are already having a tough time will have no recourse other than to furlough more workers; this, in turn, defeats the purpose of increasing the minimum wage.

The GOP continues to warn that any potential gains from minimum wage increases are always offset by worker layoffs, reduced hours, etc., but Democrats don’t listen. Conservatives have also suggested making changes to the tax code to help American workers; although, Democrats aren’t interested in this.

A Monopoly on the Federal Government

At this time, Democrats have a monopoly on power in the federal government. As things currently stand, the left has a fair chance of passing Sanders’ Raise the Wage Act. If this legislation crosses Congress and arrives on Biden’s desk, there’s no doubt he will sign it into law.

Right now, the GOP is in a tough spot since Democrats control both the House and Senate. This is why Republicans are gearing up for 2022 midterms and seeking to take back both congressional majorities.

What do you think about business groups warning against minimum wage increases? Let us know where you stand on this issue in the comments section below.