Will a $15 Minimum Wage Hurt Small Businesses?

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Small businesses have been especially hard-hit during the COVID-19 pandemic. That’s why some believe this is an inopportune time to pursue raising the federal minimum wage to $15 an hour by 2025, as Democrats in Congress have proposed. But advocates of the Raise the Wage Act say that lower-income workers have also been struggling during the pandemic and the federal minimum wage is long-overdue for an increase.

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