Governor Wes Moore hosted a community round table at the State House and testified in the Maryland House Economic Matters Committee Hearing in support of the Fair Wage Act, presented as HB 549. The legislation accelerates the planned increase to a $15 minimum wage, fully implementing the increase for all covered employers as of October 1, 2023. “I believe that we can be a state that lifts up both workers and businesses. I believe that we can help families thrive economically, and help businesses to grow. Those who say it’s one or the other are offering a false choice,” said Governor Moore. “My legislative agenda rejects that false choice. It proposes new investments in Maryland’s economic competitiveness and invests in the innovation economy. These proposals will help Maryland businesses to grow and support the next generation of small business owners.” The Fair Wage Act will also increase the family income of hundreds of thousands of Marylanders, including approximately 126,000 Maryland children. The bill indexes the minimum wage to the Consumer Price Index beginning on July 1, 2025, capped at 5% per year. Indexing allows for employee wages to keep pace with inflation and provides more predictability for businesses who are […]
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