NFIB STUDY SHOWS MIN WAGE BILL HURTS ECONOMY

The National Federation of Independent Business (NFIB) released a study revealing the loss of more than 323,000 CA jobs (57% being small business jobs) and reduction of $224 billion in real output, if SB 935 (Leno; D-San Francisco) passes.  SB 935 proposed to raise the state minimum wage to $13/hour and indexes the minimum wage to inflation.

 SB 935 passed the Senate on a partisan vote with the bare minimum of support needed.  This is an important issue to our industry and over the next few weeks we will be working with our partners in Sacramento to mobilize job producers and share this NFIB data and our own members’ “real world” stories with the Legislature and Governor about how such an increase – the second minimum wage increase in less than two years – will severely damage small businesses and jobs.

 Click here to see the NFIB study.

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