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 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 device for guaranteeing that staff are paid a good wage for his or her labor. It helps to scale back poverty and inequality, and it might probably additionally enhance the financial system by growing shopper spending. Nonetheless, some companies argue that elevating the minimal wage can result in job losses. There may be some proof to assist this declare, however the general impression of minimal wage will increase on employment is advanced and is dependent upon quite a lot of components.
