TL;DR
International Franchise Association Chairman Aziz Hashim discusses challenges facing small businesses due to rising minimum wages and costs. Hashim explains that certainty in government policies is needed to help small businesses create future opportunities.
The franchising industry is facing a roadblock as more states raise minimum wages and business owners are forced to fire workers in order to keep up with growing costs. Aziz Hashim, Chairman of the International Franchise Association, appeared on Fox Business to explain that it’s up to all of the presidential candidates to lay out clear plans to work with small businesses in order to create future opportunities.
“It can be a lot better if we have some certainty as to the policies the government would like to put forward. And as you know, business does well when we have certainty, and right now we feel as if there are a number of attacks on small business,” said Hashim.
One of those attacks is the recent move in the industry too impose joint-employer standards on franchises. The IFA says that unfairly puts locally owned franchises on the same level as large conglomerates, and ultimately hurts opportunities for people to start small businesses and create jobs.
“We have all these regulations which really are not solving any problems, but they’re creating more burdens. And they’re really hurting the ladder of opportunity for millions of Americans,” said Hashim.
In this story
This story was originally published in 1851 Franchise on May 6, 2016. Burnaze summarizes and links to the original reporting.
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