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Minimum wage hikes trigger 'payroll tsunami,' as small businesses cut back


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https://www.foxnews.com/politics/15-minimum-wage-hikes-payroll-tsunami-hurt-small-businesses

 

Small business owners across the country are beginning to feel the pinch as more states move toward a $15 minimum wage.

While proposals to raise pay are intended to help workers, several mom-and-pop coffee shops as well as restaurants are responding by cutting hours, eliminating jobs or closing down entirely because they can't keep up with rising wages under the law.

 

 

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