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Big restaurant chains are telling investors that a national minimum wage hike wouldn’t be a big deal—even as their corporate lobbying groups in Washington fight plans for a $15 minimum wage.
“We share your view that a national discussion on wage issues for working Americans is needed—but the Raise the Wage Act is the wrong bill at the wrong time for our nation’s restaurants,” the National Restaurant Association wrote in a letter to congressional leaders in February. “The restaurant industry and our workforce will suffer from a fast-tracked wage increase and elimination of the tip credit.”
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