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 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 vital software for guaranteeing that employees are paid a good wage for his or her labor. It helps to cut back poverty and inequality, and it may additionally increase the financial system by rising shopper spending. Nonetheless, some companies argue that elevating the minimal wage can result in job losses. There’s some proof to assist this declare, however the total influence of minimal wage will increase on employment is advanced and is determined by a variety of components.
