BALTIMORE — Workers in Maryland who earn the least that’s legally allowed in the state can expect an increase in the new year. Ours is one of 23 states to raise its minimum wage in 2023.
The state’s minimum wage increased Sunday from $12.50 an hour to $13.25 an hour for businesses with 15 or more employees. It is expected to continue to increase each year until it hits $15 per hour by 2025.
Small employers will see a slightly smaller increase in what they need to pay employees. The current minimum wage of $12.20 per hour for employers with 14 or fewer employees will increase to $12.80.
The minimum wage for tipped employees will remain at $3.63 per hour. This amount and the tips combined must equal the state minimum wage.
In 2019, state lawmakers overruled Governor Larry Hogan’s veto of the bill that will raise the state’s minimum wage to $15 by 2025.
The federal minimum wage was stuck at $7.25 an hour since July 2009. Since then, the country’s base salary has lost more than a quarter of its purchasing power. If inflation is taken into account, today’s minimum wage is not worth so little since the 1950saccording to the leftist Economic Policy Institute.
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