Montgomery Co. to lose 47k jobs if minimum wage raised to $15, study finds
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Title : Montgomery Co. to lose 47k jobs if minimum wage raised to $15, study finds
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Title : Montgomery Co. to lose 47k jobs if minimum wage raised to $15, study finds
link : Montgomery Co. to lose 47k jobs if minimum wage raised to $15, study finds
news-today.world |
WASHINGTON — Montgomery County would lose 47,000 jobs in 5 years if the county raises the minimum wage from $11.50 to $15, according to a new study commissioned by County Executive Isiah “Ike” Leggett.
Most of the lost jobs would be low-paying ones, said the report, which was released Tuesday.
In January, Leggett vetoed a previous bill, which the Montgomery County Council had passed 5-4.
The study, by economic consulting group PFM, found raising the minimum wage would mean an aggregate loss of more than $396 million by 2022 and a projected loss of almost $41 million in income tax revenue.
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In January, Leggett vetoed a previous bill, which the Montgomery County Council had passed 5-4.
The study, by economic consulting group PFM, found raising the minimum wage would mean an aggregate loss of more than $396 million by 2022 and a projected loss of almost $41 million in income tax revenue.
More
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