TGI Fridays CEO Ray Blanchette said that President Joe Biden's proposal to eliminate the tipped minimum wage would likely result in fewer hours for the chain's waitstaff and higher menu prices.
The tipped minimum wage was last raised in 1991.
The pain would come from paying its waiters the new minimum wage.
Three years ago, the United Kingdom fined TGI Fridays for failing to pay staff the country's minimum wage.
Alaska, California, Minnesota, Montana, Nevada, Oregon and Washington have already banned the tipped minimum wage.
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