If this Maryland county approves a $15 minimum wage, it could find itself losing low-wage positions like Seattle and New York City.
Montgomery County council member Marc Elrich introduced a new bill last week that would increase the current minimum wage from $11.50 to $15. However, a new study might make other Montgomery County council members hesitant to support the legislation.
County Executive Isiah Leggett (D) commissioned a study in January about increasing the minimum wage, which found that raising the minimum wage to $15 would result in Montgomery County losing approximately 47,000 jobs by 2022.
According to the Washington Post’s reporting:
“Montgomery County would lose approximately 47,000 jobs by 2022 if it raises the minimum wage to $15 an hour, according to a study released by the county government Tuesday evening.”
“Even if it’s not 47,000 jobs lost, even if it’s half that, those are some startling numbers. You can’t discount it all,” Leggett told the Post.
If Montgomery County’s council does indeed pass the minimum wage increase to $15, it will be following in the footsteps of cities like Seattle and New York City.
In Seattle, the recently implemented minimum wage has resulted in fewer hours, less money, and fewer jobs for workers, according to a report by the National Bureau of Economic Research. New York City lost 1,000 restaurants last year because of the increased minimum wage.
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