Association Statement on CBO $15 Wage Analysis

National Restaurant Association Executive Vice President of Public Affairs Sean Kennedy released the following statement regarding a Congressional Budget Office (CBO) analysis of a proposed $15 wage bill.

BACKGROUND:
The nonpartisan Congressional Budget Office confirmed what the National Restaurant Association and its members have long said: passing a $15 wage bill will crush the restaurant industry and lead to substantial job losses.

STATEMENT:
“CBO’s analysis notes that the $15 wage bill pending in Congress could trigger elimination of as many as 3.7 million local jobs, the majority of which are held by women. We need a common-sense approach to the minimum wage that reflects the economic realities of each region, because $15 in New York is not $15 in Alabama.”

Sean Kennedy
Executive Vice President of Public Affairs
National Restaurant Association.