Republican Senators Introduce Bill To Raise Federal Minimum Wage To $11
Portfolio Pulse from Benzinga Newsdesk
Republican Senators have introduced a bill to raise the federal minimum wage to $11. This could potentially impact businesses with a large number of minimum wage employees.
September 13, 2023 | 4:34 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The proposed increase in federal minimum wage could impact companies within the SPY ETF, particularly those with a large number of minimum wage employees.
The proposed increase in federal minimum wage could lead to increased labor costs for companies with a large number of minimum wage employees. This could potentially impact their profitability and thus their stock prices, affecting the overall performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50