ASA Signs Letter Opposing the Raise the Wage Act of 2021
This morning, ASA signed onto a letter sent by the National Federation of Independent Businesses (NFIB) to the U.S. Congress opposing the Raise the Wage Act of 2021. This legislation, if passed, would raise the federal minimum wage to $15 per hour over the next five years.
According to the Congressional Budget Office (CBO), raising the federal minimum wage would result in up to 3.7 million job losses by 2025. At a time when small businesses are struggling due to the COVID-19 pandemic, raising the minimum wage would be catastrophic.
To read the letter, click here.