Small business owners bring concerns to Beacon Hill
Small business owners from our chamber -- and from other chambers and business associations across the state – met with lawmakers yesterday to share concerns about yet another possible minimum wage hike and rising health insurance costs at the annual Small Business Day on Beacon Hill.
Among their worries: Just months after the minimum wage rose to $15 an hour (now the nation’s third highest) labor groups have begun a push for a starting wage of $20.
That doesn't sit well with Steve Clark, president and CEO of the Mass. Restaurant Association, who noted that profitability for restaurants is down in the aftermath of the pandemic, with the biggest impacts stemming from inflation and labor costs,
Clark said lifting the minimum wage by $1 per hour can translate into a $1,000 increase per employee, which sparks a cascading effect for all workers throughout the industry, writes State House News’ Alison Kuznitz.
Raising the minimum wage could also make it harder for businesses to hire teenagers for their first job, or for nonprofits that use a lot of teens for day camps and other programs.
Retailers Association of Massachusetts President Jon Hurst also noted that small businesses “are paying a lot more for less [health insurance] coverage than those that employ at larger levels, whether they be big businesses or governments themselves."
Also on the agenda yesterday: The soaring cost of energy, the unfair burden placed on business owners to cover unemployment insurance debt accumulated during the pandemic and credit card fees.
Oh, and yes, everyone is on edge about the debt limit stalemate.
Sorry. We just sold out!
Our Spring Business Breakfast, June 2 at the Needham Sheraton with Lt. Gov. Kim Driscoll, Congressman Jake Auchincloss and and honoring Cabot's Joe Prestejohn is sold out.
But we've started a wait list.