State Minimum Wage To Increase On New Year’s Day

  • Comments (16)
At a Monday news conference in Hartford, Gov. Dannel Malloy, joined by state legislators, advocates and small business owners, announces that a higher state minimum wage will go into effect on New Year's Day. Photo Credit: Contributed

FAIRFIELD COUNTY, Conn. — For Connecticut’s minimum wage employees, 2014 will bring bigger paychecks as the state’s minimum wage is set to increase from $8.25 to $8.70 effective Wednesday, Gov. Dannel Malloy announced.

This is the first of two scheduled increases in the state’s minimum wage: the second, scheduled for Jan. 1, 2015, will bump minimum wage up to $9.

“This gradual increase over two years is a balanced approach to helping hard working men and women without adversely impacting the business community,” Malloy said in a statement.  “Studies have shown that increasing the minimum wage is one of the best ways to get children out of poverty.  This modest increase is money that will be put back into our economy and help residents to make ends meet.”

The state’s workforce consists of 1.7 million people, according to the governor’s office. Of those, it is estimated that 70,000 to 90,000 workers currently earn minimum wage. Under the current wage rate, employees working 40 hours a week earns approximately $17,160 a year, the governor’s office said.

Under the new minimum wage rate, employees working 40 hours a week will earn approximately $18,096.

“These increases represent small but significant steps forward for tens of thousands of Connecticut workers trying to provide for themselves and their families,” Lt. Governor Nancy Wyman said.

Connecticut Speaker of the House Brendan Sharkey (D-Hamden) said the increase in minimum wage will give thousands of low-income working families across the state a long overdue raise.

“Raising the minimum wage is good for our economy, helps people, and is the right thing to do,” Sharkey added.

State House Majority Leader Joe Aresimowicz (D-Berlin/Southington) said raising the minimum wage doesn't just benefit workers, but businesses as well.

"A higher minimum wage would inject dollars in our economy as folks spend increased earnings at local businesses," Aresimowicz said.

  • 16
    Comments

Comments (16)

Alethiologist:

Any wage increases scheduled for government employees must be rescinded. Those funds must be redirected to CT's WORKING POOR to supplement their minimum wage income.

That's change I can believe in.

Broad River:

When the tide come in, all boats raise the same.
This will certainly stifle hiring. Most all food staples will rise at the same rate. If you can afford to pay more then you will. Rental housing, Up. Let's not forget, right off the top comes Fed & State Taxes.So, once prices begin to climb and you have more taxes to pay, you could very well end up in a worse situation than before the hike. In the end, middle income wage earners will suffer a loss because their wages will not climb as fast in percentage but all essential items will cost more. If you are a low income wage earner your solution all along was to work more hours. People in middle management don't work 40 hrs./wk. Tack on a few every evening and a few every weekend. This is going to hurt the economy as prices and interest rates rise. What's next? Inflation the cancer of the working class. All fast food joints is probably the first place you'll see prices rise and service slow down. Nobody will be bagging your groceries, worse nobody ringing them up.
If you can't afford it, don't buy it. So why are you creating a family??

lynn.colafrancesco:

It is very difficult for anyone to support a family on that. It is OK if you are teenager living with mom and dad, but how about those people who need the job to support their families. I truly believe in a living wage. A Universal living wage for all people. We need to start the conversation.

M3 Driver:

The rate should be raised to 15 plus per hour. These people deserve a fair wage while the CEO's are making millions.

M3-Driver:

What would you buy if you got such a dramatic pay increase?

Baclgalupe:

That's the question you were asked....

M3-Driver:

They have an opening for "lenny" FYI westport theater company.

Do you happen to like rabbits?

GTR:

http://www.topix.net/member/profile/m3-driver

M3-Driver:

So now I guess bigmacs will increase as well to cover the cost?

Broad River:

No, Big Mac's will shrink,( if that's possible, I don't know, I don't eat junk food) making them larger would make them cost more. Your drive-thru time will increase because either hours will be cut or somebody has to go. They may very well raise the price, after all low income wage earners will be making more money, will buy more fast food for their kids and since we operate on supply and demand, As demand rises so do prices. That's a universal given

Baclgalupe:

M3-Dripper
How much do you make at McDonalds ??

john.real.965:

“Raising the minimum wage is good for our economy,..".
So why don't we do it every month, say, $0.50 increase every month? Or simply set it to $30 so the economy will be booming. Hell, why not $100/hr minimum wage? After all, raising the minimum wage is good for our economy, right?

Robby.Rob:

Johnny
Your theory is flawed as usual

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