Below is the statement by Donald C. Fry, President and CEO of the Greater Baltimore Committee, on the decision today by the Baltimore City Council to pass legislation that will raise the minimum wage to $15-per-hour in the city.
“The Greater Baltimore Committee is very disappointed in the City Council’s decision to increase the minimum wage despite the concerns expressed by the business community, cultural institutions, nonprofit organizations, and city government agencies. This legislation will place Baltimore at a serious competitive disadvantage, resulting in lost jobs, additional costs to city businesses, and employers leaving the city.
The GBC urges Mayor Catherine Pugh to veto this bill to ensure Baltimore does not become an island among neighboring jurisdictions. A veto would also be a fiscally prudent step to avoid a host of difficult decisions elected officials will need to make to pay for the millions of dollars in higher labor costs annually that city government and taxpayers will incur.”
The GBC, along with many of the city’s large and small employers, has opposed the proposal to increase Baltimore City’s minimum wage since it was introduced earlier this year, mainly due to concerns over the negative impact the law would have on job creation and economic prosperity. Additionally, the city’s finance department has estimated it would cost city government $115 million to comply with the legislation.
Related news coverage:
ABC2 WMAR Baltimore: $15 minimum wage bill passes City Council vote
Baltimore Business Journal: City Council passes $15 minimum wage, final decision rests with Pugh
Baltimore Jewish Times: Isaac ‘Yitzy’ Schleifer on Minimum Wage Bill: ‘Devastating to the City’
The Baltimore Sun: Baltimore City Council passes $15 minimum wage bill
The Daily Record: Baltimore City Council approves minimum wage bill
Fox45 News: City Council passes $15 minimum wage bill