Mike O'Halloran: $15 minimum wage would be a disaster for Maryland's small business

The Maryland General Assembly is debating a bill to raise the minimum wage to $15 an hour, eliminate the tipped wage, and get rid of exclusions for teenagers, seasonal amusement workers, and farm labor. The supporters theorize that this is the way to raise people up from poverty. Small business owners know the reality — it just won’t work out that way. Unfortunately, many employees at the bottom of the pay scale are more likely to lose hours or their jobs. It’s basic economics. Maryland’s minimum wage rose 39 percent in the last four years to $10.10. If it soars to $15 that will add another 48 percent increase to the cost of wages. Those are huge increases for small businesses. (Capital)

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