The Connecticut minimum wage is the lowest hourly wage that employers are legally allowed to pay their employees. It is set by the state government and is typically adjusted every few years to keep pace with inflation. The current minimum wage in Connecticut is $13 per hour, which took effect on June 1, 2022. In 2023, the minimum wage will increase to $14 per hour, and it is scheduled to increase to $15 per hour in 2024.
The minimum wage is an important tool for ensuring that workers are paid a fair wage for their labor. It helps to reduce poverty and inequality, and it can also boost the economy by increasing consumer spending. However, some businesses argue that raising the minimum wage can lead to job losses. There is some evidence to support this claim, but the overall impact of minimum wage increases on employment is complex and depends on a number of factors.
