Virginia business leaders are worried that a minimum wage increase set to go into effect on May 1 of next year could become a roadblock for recovery from COVID-19.
The Virginia Senate and House of Delegates approved an amendment on legislation that would increase the minimum wage from $7.25 per hour to $9.50 on May 1, 2021, rather than the original date, which was Jan. 1, 2021. Although this is a year away, some businesses are worried the extension doesn’t go far enough to protect small business owners.
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