Study Looks At Impact Of Minimum Wage Hike In MD - 47 ABC - Delmarva's Choice

Study Looks At Impact Of Minimum Wage Hike In MD

Posted: Updated:

ANNAPOLIS, Md. (AP) - A study on raising the minimum wage in Maryland is warning about some of the negative impacts an increase would have on businesses, particularly on the hospitality industry and food services.
    
The study by George Mason University economist Stephen Fuller was released Monday in Annapolis. It was made public a day before a scheduled hearing on a measure to raise the minimum wage in Maryland from $7.25 to $10.10 by 2016.
    
Gov. Martin O'Malley supports the increase. He says it will help the economy by providing people with more money to spend.
    
But Fuller concludes raising the cost of labor will have economic consequences unless the wage increases are compensated by increased operational efficiencies or increased product and service quality that offset price increases from higher labor costs.

 

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • ContestsMore>>

  • Spring Gas Giveaway

    Spring Gas Giveaway

    Let WMDT fill up your tank! It's time for our Spring Gas Giveaway! More >>
    Enter for your chance to win a $100 Exxon/Mobil Gas Card!More >>
  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The WMDT 47 "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.