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Minimum wage increases; Local businesses may experience setbacks

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By Lisa Capobianco Staff Writer Minimum wage workers throughout the state will see an increase in their paychecks. As of January 1, the state raised the minimum wage from $8.25 to $8.70, the first of two scheduled increases as a result of a new law Governor Dannel Malloy signed last year. By 2015, the minimum wage will increase to $9, according to a press release from Gov. Malloy. “This gradual increase over two years is a balanced approach to helping hard working men and women without adversely impacting the business community,” said Gov. Malloy in a press release. “Studies have shown that increasing the minimum wage is one of the best ways to get children out of poverty.” Currently, it is estimated that 70,000 to 90,000 workers earn the minimum wage out of Connecticut’s workforce of 1.7 million people, according to a press release. An employee working 40 hours a week earns $17,160 per year under the current rate of $8.25 an hour. “This small increase will make a real difference in the lives of 100,000 Connecticut residents that earn minimum wage,” said House Majority Leader Joe Aresimowicz in the release. “Raising the minimum wage isn’t just good for workers. [...]

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