I'm in a family business, if we go up to $15 an hour, we're looking at doling out another grand a week, roughly, which we frankly can't afford. That means either people get fired or we sell. I don't like either of those options. Obligatory: Damn the Man
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The measure, which is also included in President Joe Biden's $1.9 trillion relief package, calls for gradually increasing the hourly wage in increments until it hits $15 in 2025. After that, it would be indexed to median wage growth -- a move meant to guarantee wages keep up with inflation without needing new legislation.