Hartford, Conn.(WTIC Radio)-Connecticut's minimum wage increases to $14 an hour on Friday, concerning for the small business community.
Currently the minimum wage is $13 an hour. Further, the minimum wage increases to $15 an hour next June.
The incremental changes were approved by the Legislature in 2019 and signed by the Governor.
“For too long, while the nation’s economy grew, the income of the lowest earning workers has stayed flat, making already existing pay disparities even worse and preventing hardworking families from obtaining financial security,” Governor Lamont said. “This is a fair, gradual increase for workers who will invest the money right back into our economy and continue supporting local businesses in their communities.”
“Governor Lamont and I are committed to making sure that our Connecticut economy works for everyone, and that includes our state’s low-income earners,” Lt. Governor Susan Bysiewicz said. “That’s why we voted three years ago to increase our state’s minimum wage at a steady rate, providing more financial security to families and providing residents the ability to continue supporting our local economy.”
"Right now the number one thing on the minds of voters in the state is inflation and just the cost of living in Connecticut. Businesses are going to have to increase prices or do other things in order to accommodate for this rise in the minimum wage," said Eric Gejde, Vice President of Public Policy at the Connecticut Business and Industry Association.
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