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Thursday, August 03, 2017

Montgomery Co. to lose 47k jobs if minimum wage raised to $15, study finds

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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5 comments:

Anonymous said...

More scare tactics and a load of BS. What two bit psychic did they pay to come up with this fortune telling?

Anonymous said...

They will just ask their buddy Miller to funnel state tax dollars their way to cover their lose instead of raising their County citizens to pay the difference they created. Will be just another Baltimore that the State runs and pays their bills.

Anonymous said...

If the minimum wage goes to $15 an hour here my small business will be forced to let 2 employees go.

Anonymous said...

2:48 PM Obviously by your own admission, you don't pay a livable wage and we know better than to think you would shave a bit off your over inflated salary to compensate. No tears here.

Anonymous said...

Gawd, people are stupid.