An Act To Protect Maine Businesses By Eliminating The Automatic Cost-Of-Living Adjustment To The Minimum Hourly Wage

LD 206 eliminates the automatic annual cost-of-living adjustment (COLA) for Maine's minimum hourly wage, fixing it at $14.65 per hour as of January 1, 2025. This change removes the requirement for the wage to increase each January 1st based on the Consumer Price Index (CPI-W) for the Northeast Region. The bill directly affects all workers covered by Maine's minimum wage law, including most hourly employees in businesses across the state. It prevents future automatic raises tied to inflation, though the current $14.65 rate remains in effect until further legislative action.