The Connecticut minimal wage is the bottom hourly wage that employers are legally allowed to pay their workers. It’s set by the state authorities and is usually 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 enhance 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 staff are paid a good wage for his or her labor. It helps to scale back poverty and inequality, and it may additionally increase the economic system by rising shopper spending. Nonetheless, some companies argue that elevating the minimal wage can result in job losses. There’s some proof to help this declare, however the general impression of minimal wage will increase on employment is complicated and will depend on various components.
