Testimony: Proposed $15 Baltimore Minimum Wage
June 15, 2016. In testimony before the Baltimore City Council, James Parrott, says it would be sound public policy for the City of Baltimore to phase in a $15 an hour minimum wage. Considerable compelling and economically sound research supports the conclusion that businesses can accommodate such an increase. A higher wage floor would generate significant cost savings due to reduced turnover and there is room for modest price increases to ease the adjustment without jeopardizing overall employment levels or profitability. Businesses of all sizes will be encouraged to operate more efficiently. Moreover, a $15 wage floor would boost consumer spending for nearly 100,000 Baltimore workers. It will aid struggling families, benefit many of the city’s children, reduce poverty, and will have positive overall economic consequences across the city.