How much do I have to pay my employees? What about this new minimum wage in MD?
No, it is not true. While dissapointing to many workers, this $11.30 / hr. minimum wage applies ONLY to government contracts. It further does not apply to every government contract, so if your business plans to do government contract work, check the rules closely.
I encourage every employer to pay a "working wage" - while the small business owner may shell out a little more initially, you usually will have a much better time retaining quality employees and spend less on turnover and training. That being said, currently in Maryland the minimum wage is $6.15 / hr. We fare better than some states who only match the federal minimum wage of $5.15 / hr., although it is still not enough to live off of. However, it does enable employers to hire teenagers or other unexperienced workers without breaking the bank.
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