By Kelsey Kushner
WJZ/CBS News Baltimore, Dec 26, 2023
The new year will bring a big change to the paychecks of Maryland residents. Starting on January 1, 2024, the state's minimum wage will increase to $15 for Maryland businesses. The increase is a result of the Fair Wage Law, which Maryland Gov. Wes Moore signed in April, essentially moving up the timeline to implement the wage change. ...
More money in the wallet means that people will be able to buy more things like groceries and other economic goods. ...
"We think it's the fair thing to do," Gina Schaefer, the founder of A Few Cool Hardware Stores, said. "We think it puts more money in the pockets of the consumers."
The wage adjustment means that people will feel better about where they work, too, she said. ...