Table 1
Maryland minimum wage benchmarks
| Federal minimum wage | MD state minimum | Proposed increases | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| In 1968 | In 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |||
| Standard of living benchmarks | ||||||||||
| Nominal value | $1.60 | $7.25 | $10.10 | $11.00 | $12.00 | $13.00 | $14.00 | $15.00 | ||
| Real value (2017$)* | $9.90 | $7.25 | $9.87 | $10.50 | $11.19 | $11.84 | $12.45 | $13.03 | ||
| Percent of 1968 value (based on CPI-U-RS) | 100.00% | 73.20% | 99.70% | 106.10% | 113.00% | 119.60% | 125.80% | 131.60% | ||
| Wage distribution benchmarks | ||||||||||
| As a percent of state full-time full-year median wage (range of 0.0%-0.5% real wage growth) | 52.10% | 33.60% | 36.9%–37.3% | 39.1%–39.7% | 41.5%–42.3% | 43.7%–44.8% | 45.7%– 47.1% | 47.6%– 49.3% | ||
| Pace of nominal change | ||||||||||
| Total nominal change in the minimum wage | 28% | 40.80% | 39.30% | 8.90% | 18.80% | 28.70% | 38.60% | 48.50% | ||
| Average percent increase per year for X years | 13.1% for 2 years | 12.1% for 3 years* | 9.9% for 3.5 years** | 8.2% for 5 years | ||||||
Notes: *Projected real values based on projections for the CPI in CBO (2017). **Describes federal minimum wage increase from $5.15 to $7.25 that occurred from 2007-2009. ***Describes Maryland's state minimum wage increases from January 2015 - July 2018.
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