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What a Minimum Wage Increase Could Mean for Small Businesses 7 min read • Mar 09, 2021 • Joe Kukura SHARE SHARE The $15 minimum wage hike is not part of the new $1.9 trillion COVID-19 relief bill that just passed Congress. That new relief package does contain $1,400 stimulus checks, an extension of the $300 per week enhanced unemployment benefit, and a $3,600 per-year child allowance payment to parents. But a proposed $15 minimum wage raise did not make it into the relief package. Yet that minimum wage increase could still be coming. President Biden still wants that $15 minimum wage, and many Democrats are on board too. “Federal minimum wage, which has not been raised since 2007 by Congress, is a starvation wage. $7.25 an hour,” Senator Bernie Sanders told CNN after the wage raise was voted out of the bill. “If anybody thinks that we’re giving up on this issue, they are sorely mistaken.” 

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