Connecticut’s minimum wage will increase on the first of the year.
Gov. Dannel Malloy announced on Monday that as a result of a new law he signed last year, the state’s minimum wage will rise to $9.60 on Jan. 1, 2016.
It’s the second of three scheduled increases under the law.
The last one, which will be $10.10, goes into effect on Jan. 1, 2017.
“Nobody who works full-time should live in poverty,” Malloy said in a statement. “I am proud that Connecticut has been a leader in promoting a higher hourly wage. It is a modest increase that will give working families a boost while also having stimulative economic effects.”
Lt. Gov. Nancy Wyman echoed the governor's statement. She called the raise critical to bolstering economic stability.
“In Connecticut, more than 60 percent of the minimum wage workforce is made up of women,” Wyman said. “This pay increase will help us narrow wage gaps, but it’s also part of broader efforts to ensure that full time workers can afford to work and live in Connecticut.”
Malloy’s office cited statistics from the U.S. Department of Labor which said three out of five small business owners with employees support gradual increases to the minimum wage. A survey completed in July showed the businesses believed putting more money in the pockets of low-wage workers will mean more money spent on housing and food.
“Paying a higher wage helps companies retain skilled employees, and this translates to increased productivity, better customer service, and a stronger economy,” said Sharon Palmer, commissioner of the Connecticut Department of Labor.
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