PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Amazon is Raising Wages – Now it Will Lobby Washington to Force Small Businesses to Do the Same

By at 2 October, 2018, 12:21 pm

NEWS

FOR IMMEDIATE RELEASE

Washington, D.C. – Today, Amazon announced that it will raise its minimum wage to $15 for all employees. The company also announced that its federal policy team will now lobby Congress to push for an increase in the federal minimum wage.  Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan responded to Amazon’s announcement:

“Mr. Bezos said he listened to Amazon’s critics, ‘thought hard’ about what they ‘wanted to do’ and decided to raise the minimum wage to $15.  We are very happy that Amazon’s employees are getting wage increases, as the company can more than afford to do so. But small business owners have to determine wages based on whether they can actually afford increases, and many of them often cannot, as business survival is at stake.

“We appreciate what Amazon is doing on its platform to help some small businesses, but we don’t appreciate their lobbying for policies that could put many small businesses out of business. This is exactly what big players do to crush their competition, and in this case we are talking about small businesses.

“Costs matter and margins matter, as Mr. Bezos knows all too well. Closely managing those costs has made Amazon incredibly successful.  Many entrepreneurs and small business owners want the same type of success as Mr. Bezos, but their hard work will be undermined by Amazon’s lobbying for a mandated wage hike that harms small competitors.”

CONTACT:  Karen Kerrigan, kkerrigan@sbecouncil.org

Raymond Keating, Chief Economist: rkeating@sbecouncil.org

SBE Council is a nonpartisan, nonprofit advocacy, research and education organization that works to protect small business and promote entrepreneurship. For nearly 25 years SBE Council has worked to successfully implement a range of policy and private sector initiatives to strengthen the ecosystem for startups and small business growth. To learn more, visit SBE Council’s website: www.sbecouncil.org. Follow on Twitter: @SBECouncil 

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