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Dr. Amit Shah Dr. Michael Monahan Dr. Eyad Youseff College of Business

A $15 Minimum Wage: Views from Western Maryland Organizations. Dr. Amit Shah Dr. Michael Monahan Dr. Eyad Youseff College of Business. Acknowledgements. The researchers would like to recognize ; the Allegany County Chamber of Commerce, the Garrett County Chamber of Commerce,

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Dr. Amit Shah Dr. Michael Monahan Dr. Eyad Youseff College of Business

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  1. A $15 Minimum Wage: Views from Western Maryland Organizations Dr. Amit Shah Dr. Michael Monahan Dr. EyadYouseff College of Business

  2. Acknowledgements The researchers would like to recognize; • the Allegany County Chamber of Commerce, • the Garrett County Chamber of Commerce, • The Garrett County Development Corporation, • The Cumberland Allegany County Industrial Foundation, Inc. (CACIF) • the Tri-County Council, and • Frostburg State University, for their support of this study.

  3. Methodology Determine facts • Federal min wage • Maryland minimum wage • Minimum wage in other states • Socioeconomic data about each county Investigate peer reviewed research on increasing the minimum wage Develop a survey Distribute the survey Analyze the results

  4. The Maryland minimum wage is currently 39.3% greater than the Federal rate.

  5. Key Findings • An overwhelming majority of organizations in Western Maryland (85%) is opposed to increasing the minimum wage to $15 per hour. • When asked, “What changes they were most likely to make as a result of combating a $15 Maryland Minimum Wage,” participants indicated that they would: • raise prices (55%) • reduce New hiring (47%) • reduce worker hours (42%) • lay off workers (32%) • When asked, “Overall how do you think a $15 per hour Maryland minimum wage will impact organization,” over 84% of organizations indicated the impact will be slightly to significantly negative.

  6. Key Findings • A majority of the respondents (69%) felt that the minimum wage was the standard for no or low skilled jobs. • A strong majority (83%) stated raising the minimum wage would lead to worker lay-offs. • A significant majority (81%) of respondents affirmed when asked if raising the minimum wage would lead to a reduction in the start of new small businesses. • A substantial percentage (77%) of respondents felt the minimum wage increase would be more burdensome to rural counties than urban counties. • A strong majority of (69%) of the respondents expressed that they did not feel an increase in the minimum wage would improve the standard of living in Western Maryland. • Overall, the negative sentiment toward the minimum wage increase, as expressed by participating organizations, cut across a variety of dimensions such as organizational structure, size (number of employees), industry, and estimated annual revenue.

  7. There is nothing to prevent any employer from paying more than the minimum wage to: • Attract better workers • Retain better workers • Increase productivity Finally, 91% of the respondents currently had some workers earning more than Maryland minimum wage.

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