Thursday, November 09, 2017

Montgomery County Hikes Minimum Wage to $15

Montgomery County passed a new law raising the minimum wage to $15 per hour by 2022, or by 2024 by small employers.

While the phase-in is better than none, the increase is likely, over time, to reduce employment, especially for entry-level jobs that often are filled by younger workers and those less-skilled. The $15 minimum wage may be politically appealing, but that doesn't make it good economics.