Source: CNBC

The debate over raising the federal minimum wage to $15 and hour is not an easy one. Senate and House Democrats are split over its inclusion in President Joe Biden’s $1.9 trillion relief package. Opponents argue a higher minimum wage will force small businesses to shed workers. Supporters for the hike, such as the U.S. Black Chambers, argue it will reduce pay inequality. Ron Busby, President and CEO of U.S. Black Chambers, joined “Squawk Box” on Wednesday to discuss.