HARTFORD, Conn. (AP) — A proposal to increase Connecticut's current $8.25 an hour minimum wage has cleared a key step in the legislative process.
The General Assembly's Labor and Public Employees Committee voted Thursday to forward the bill to the Senate for further action.
The proposed legislation increases the rate by 75 cents on Jan. 1, 2014, and by another 75 cents on Jan. 1, 2016.
As of Jan. 1, 2016, and every year after, the state's minimum wage would be tied to changes in the Consumer Price Index. The CPI measures the average change in prices paid by consumers for a basket of goods and services.
Some Republican committee members voiced concerns about increased cost to employers, especially business owners. They predicted it could discourage increased hiring, given the slow economy.
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jprog7 | March 1 2013 10:57am
Raising the minimum wage won't do a thing for people earning it. This merely raises the floor higher. All the companies are going to raise the cost of their products to bear the costs of the higher wages. Once pricing normalizes, their respective purchasing power will not be any greater.
If people truly wanted to address purchasing power, they need to look at Government spending and who control's the money supply: the Federal Reserve. Anyone who goes to a grocery store realizes prices are going up, oh wait, food and fuel aren't part of the government's inflation calculation. How convenient.....
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