Economist: 2018 Minimum Wage Will Be Worth $9.25 - 47 ABC - Delmarva's Choice

Economist: 2018 Minimum Wage Will Be Worth $9.25

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ANNAPOLIS, Md. (AP) - An economic analyst says timetable changes made to Maryland's minimum wage increase bill will mean $875 a year less in a full-time worker's yearly earnings, compared to Gov. Martin O'Malley's original plan.
    
The minimum wage will reach $10.10 an hour by July 2018, according to a bill awaiting O'Malley's signature.
    
David Cooper, an analyst for the pro-minimum wage group Economic Policy Institute, says that by then, $10.10 will be worth about $9.25 in today's dollars. Cooper based his estimate on the federal government's inflation estimates.
    
O'Malley originally wanted the minimum wage to reach $10.10 in 2016, when it would be worth about $9.67 in today's dollars.
    
Senate Minority Leader David Brinkley, a member of the Senate Finance Committee, says this delay will alleviate the burden on employers.

 

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 This material may not be published, broadcast, rewritten or redistributed.)

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