Joe Biden’s Proposal To Double the Minimum Wage to $15 an Hour Won’t Help Small Businesses
Former Vice President and Democratic nominee Joe Biden wants to help small businesses during the pandemic by raising their labor costs with a minimum wage hike.
“I do,” said Biden in response to a question at tonight’s debate about whether now is the time to raise the federal minimum wage to $15 an hour, before going on an extended riff about the need for a federal small business bailout. The current federal minimum wage is $7.25 an hour.
“We have to help our small businesses by raising the minimum wage? That’s not helping” shot back an incredulous Trump. “How are you helping small businesses when you’re forcing wages [up]? What’s going to happen and what’s been proven to happen is when you do that these small businesses fire many of their employees.”
“There is no evidence that when you raise the minimum wage businesses to go out of business,” rebutted Biden, saying that a minimum wage hike was needed to increase the pay of first responders.
Trump, in response to a prompt from debate moderator Kristen Welker, said he would consider raising the federal minimum wage to $15 an hour, but also said it should be left up to the states, saying “Alabama is different from New Y
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