A new report shows minimum wage increases have had little effect on the number of jobs in Maryland and nationwide.

While the rhetoric around increasing the minimum wage often comes with the caution it will reduce low-wage employment, a new review of decades of research showed most studies found no job losses after the state or local minimum wage is raised.

Ben Zipperer, senior economist for the Economic Policy Institute and the review's co-author, said raising the minimum wage has unquestionably benefited workers.

"Minimum wages very consistently have ended up raising the incomes of low-wage workers," Zipperer pointed out. "They have done so in a way that doesn't cause any big negative employment shocks or big disruptions in their local economy."

In Maryland, the state minimum wage increased to $15 an hour Jan. 1. The minimum wage in Montgomery County increased July 1 to $17.15 for large employers, and $15.50 for mid-size employers.

The latest numbers in Maryland show the state's job growth rate increased 1.2% in the first seven months of this year, exceeding the national average. The state's labor force participation rate also increased to 65.5%, the highest number since September 2020.

Zipperer noted the studies showed raising minimum wages has other benefits.

"What does happen is that employee turnover falls dramatically and that's because the job is suddenly more attractive to workers when you pay them more," Zipperer emphasized. "That's one of the reasons why you don't actually see big falls in employment after a minimum wage increase."

He added minimum wages are one of the most well studied topics in economics. Researchers built an online repository of studies going back to 1992, and will add new studies as they are published.


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If state and local governments want healthier populations, new findings suggest they should be more aggressive in tackling income inequality. A Nebraska organization feels that approach is on point.

A new study from Johns Hopkins University looked at obesity levels in more than 3,000 counties across the country. The places with minimum wages of at least $9 an hour had greater success in reducing obesity rates.

Christine Cary, who helps address economic justice with the group Stand In for Nebraska, said other data routinely show that healthier foods tend to cost more, so the connection made in this new research is pretty clear.

"Raising the minimum wage is obviously a way to increase access to healthier food," she said. "You just have more money to spend on it."

In 2022, Nebraska voters approved a gradual increase in the state's minimum wage, which is set to reach $15 an hour in 2026. At the same time, the state doesn't fare well in obesity rankings.

Cary said she sees a chance for numbers to improve as wages go up, but noted that not all communities have stores that sell healthy foods, potentially hindering that progress.

The study's authors also called for "place-based" interventions, such as urban farming initiatives and subsidies for healthy food retailers to go along with higher wages. Cary said that's an important step in tackling this issue.

"It's pretty well known among geographers that we shop at the closest place," she said, "meaning don't expect people who are already low income to seek these things out."

She said creating more awareness and options in underserved communities can help maximize the impact of higher wages from a public health standpoint. Cary said that's especially important in a rural state such as Nebraska, which has seen its food retail and health facility options disappear in smaller towns and cities.


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The latest "Speak Up MO" report reveals the economic struggles facing Missourians, adding to earlier findings about community concerns and the challenge of accessing affordable health care.

Although 59% feel financially comfortable, many say they can't save. Around one in four people couldn't afford food at least once in the past year, and nearly 10% faced possible eviction.

This hardship hits people of color, those with disabilities, and households earning under $50,000 per year the hardest.

Sheldon Weisgrau, vice president of health policy and advocacy at from the Missouri Foundation of Health, highlighted the report's overall message.

"What's really interesting, especially in the wake of the election we just had, in that folks are satisfied with where they are," said Weisgrau, "but have a feeling that things are heading in the wrong direction and that their neighbors are not doing so well."

Although the report identified the cost of living as the state's biggest challenge, it found Missourians remain moderately optimistic about their local economy.

Another key part of the report asked people whether the problem was having enough jobs overall, or having enough well-paying jobs.

Weisgrau noted most respondents pointed to the lack of well-paying jobs as the bigger problem.

"We saw that reflected in Missouri in the vote on Proposition A," said Weisgrau, "which voted to raise the minimum wage and mandate some paid sick leave for workers."

The report also highlights how financial insecurity seriously impacts the mental and physical well-being of Missourians, with one participant mentioning financial security reduces stress and frustration.

A new survey of public company audit firms reveals businesses are concerned the upcoming election could affect their financial performance.

The Center for Audit Quality found more than 60% of roughly 1,200 audit partners surveyed worry about potential disruptions.

Julie Bell Lindsay, CEO of the center, said few companies are adjusting their business strategies.

"It suggests that while businesses expect some market turbulence and some uncertainty, they feel equipped to navigate through that," Lindsay explained.

Delta Air Lines recently said election-related uncertainty would affect its fourth-quarter revenue as consumers hold off on discretionary spending. Lindsay added geopolitical concerns also remain a top risk factor for businesses, as conflicts in Ukraine and the Middle East continue to affect the global economy.

Despite ongoing resilience, audit partners' outlook for the economy over the next year is only neutral, with most believing a recession is likely on the horizon. Lindsay noted audit partners are watching for potential indicators, including recent federal rate cuts, a possible government shutdown and a fluctuating labor market.

"They also continue to see that inflation could be an ongoing concern over the next twelve months," Lindsay reported. "I will say that the audit partners in our surveys have been pretty accurately predicting what inflation is going to do."

Lindsay emphasized top priorities for businesses in 2025 remain cost management, improved financial performance and growth. She said labor shortages are no longer a priority among economic risks as employers seek to upskill workers and increase compensation. Still, layoffs and decreasing workplace flexibility remain top strategies for companies to improve their bottom line.


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