House Passes Bill Raising Federal Minimum Wage to $15 – Gets Immediate Backlash

Though the bill, H.R. 582, which calls to raise the federal minimum wage to $15 an hour by 2025 still has to make it through the Senate it is already getting criticism from several major business organizations according to the  Juanita Duggan, President and CEO of the National Federation of Independent Businesses, the leading advocacy organization for small businesses, said in a statement “The House dealt a devastating blow to small businesses today, risking record growth, job creation, and already increasing wages”.

Increasing the minimum wage has been a hot button topic in recent years with those opposed saying it would kill jobs and raise the cost of goods to account for the higher wages to workers, and those for the increase who believe it will actually create more jobs; bringing people into the workforce and giving those working in minimum wage jobs the ability to improve their quality of life and share the benefits of economic growth.

(Additional sourced articles: CNN:  EPI: