Connecticut To Increase Minimum Wage to $15 By 2023

Connecticut To Increase Minimum Wage to $15 By 2023

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Connecticut

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HARTFORD – Starting October 1, Connecticut workers will see a healthy pay boost that will gradually increase until capping out at $15 per hour by 2023.

Governor Ned Lamont (D) signed H.B. No. 5004 May 28 from a nursing home, a measure that is expected to help more than 300,000 workers statewide.

A provision was added to allow 16 and 17 year old employees to be paid 85 percent as a “training wage” until they have completed 90 days, in which they would then be granted full pay. This addition was to assuage budget fears some employers expressed prior to the bill signing.

Connecticut becomes the seventh state, along with the District of Columbia, to approve a $15 minimum wage.

Democratic lawmakers fought tooth and nail to pass an increase to the state minimum wage. Finally, after 7 long years, Lamont calls the signing a “big win” for the many families surviving with at least one minimum wage earner in the household, including women of color and single parents.

Some businesses fear they may close their doors or be forced to move operations elsewhere due to the wage increase.

After the first increase to $11 in October, the state will monitor growth in the state’s gross domestic product. If two consecutive quarters of negative growth are reported, the Labor Commissioner may recommend future increases be suspended until positive growth is reported again. The Governor would then submit their recommendation to the General Assembly.

Once the October 1 increase has started, yearly increases will continue as follows: Sept 1, 2020, $12; August 1, 2021, $13; July 1, 2022, $14; June 1, 2023, $15. The Labor Commissioner will announce on October 15, 2023 that the $15 per hour will become the permanent fair wage.

On January 1, 2024, the minimum wage for hourly and salaried civilian workers will be adjusted according to the employment cost index or successor index every 12 months ending on June 13 each year, rounded up to the nearest whole cent.

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