The Connecticut minimal wage is the bottom hourly wage that employers are legally allowed to pay their staff. It’s set by the state authorities and is often adjusted each few years to maintain tempo with inflation. The present minimal wage in Connecticut is $13 per hour, which took impact on June 1, 2022. In 2023, the minimal wage will improve to $14 per hour, and it’s scheduled to extend to $15 per hour in 2024.
The minimal wage is a crucial instrument for guaranteeing that employees are paid a good wage for his or her labor. It helps to cut back poverty and inequality, and it might additionally enhance the financial system by rising shopper spending. Nevertheless, some companies argue that elevating the minimal wage can result in job losses. There’s some proof to assist this declare, however the total impression of minimal wage will increase on employment is complicated and is dependent upon quite a lot of components.
