Some economists have argued that raising the state’s current minimum wage of $13.80 to $15 would create a meaningful increase to workers’ paychecks and help many working Mainers who continue to struggle to make ends meet.
“The proposed increase to $15 per hour in 2024 will raise the earnings of almost 127,000 hourly employees,” James Myall, an analyst with the Maine Center for Economic Policy, wrote in a blog post last month. “This will result in $74 million more in wage earnings compared to Maine’s current minimum wage law that was approved by voters in 2016 and includes cost-of-living adjustments. That means tens of thousands of workers with low wages will have an opportunity to not just keep up with rising costs, but to actually get slightly ahead.”