Raising the minimum wage is always a challenge because, ultimately, the issue is about putting money back into the pockets of people and we don't believe that raising the minimum wage is the way to do that. We believe that you need to increase your basic exemption and make sure that you're not taxing people more. That is the better way to make sure we're dealing with people who are at the low income part of the salary scale, rather than trying to impose more costs on small business. It's not just the minimum wage that goes up for small business for their minimum wage workers. It's their entire workforce that all has to go up incrementally, so it's a big cost.
On October 28th, 2014. See this statement in context.