Raising minimum wage would boost Connecticut retail jobs
Posted on February 6, 2014
If the governor has his way, the minimum wage in the state could be raised, a move that could boost Connecticut retail jobs, among other industries.
Governor Malloy said that he will be introducing legislation to increase the state minimum wage to $10.10, mirroring recent national efforts by President Obama and other Congressional leaders to raise the federal minimum wage to that same amount.
Governor Malloy signed a bill into law that increased the state minimum wage in two stages: from $8.25 to $8.70 on January 1, 2014, followed by a second increase to $9.00 that is currently scheduled to take effect on January 1, 2015.
The proposal the Governor announced today calls for a slight modification of next year’s increase, bringing the total to $9.15 on January 1, 2015. The proposal would then add a 45-cent increase to $9.60 beginning January 1, 2016, followed by a 50-cent increase to $10.10 effective January 1, 2017.
The proposal will be included in the Governor’s legislative package for the upcoming 2014 regular session of the General Assembly, which begins February 5.
“There is a debate happening across our country on how to tackle the growing income inequality that is detrimental to our middle class families and to our economy. Part of tackling that critically important challenge is making sure that we recognize that a good and decent wage is good for workers and good for business,” said Governor Malloy, who announced the proposal at a news conference in Bridgeport. “For too long, the minimum wage has not kept up with the cost of living. As studies have shown, the workers who would benefit from a minimum wage increase brought home 46 percent of their household’s total wage and salary income in 2011. When workers earn more money, businesses will have more customers. This modest boost will help those earning the least to make ends meet.”