Amid Fragile State Economy, Malloy Pushes Wage HikeMarch 9, 2018
The governor, undeterred by occasional job losses in the state, wants to mandate employers pay their workers more.
Gov. Dan Malloy (D-Conn.), managing a fragile state economy that has months of job gains and months of job losses, pledged his push for a higher wage mandate in the state on Thursday.
The Associated Press and WTIC reported:
The Democrat said Thursday he was disappointed the General Assembly didn’t approve a pay raise for people earning the minimum wage, which became $10.10 an hour in January 2017. Malloy says lawmakers had focused on eventually increasing the wage to $15 an hour.
Malloy says “it will be a tremendous miss to not raise the minimum wage in Connecticut two years in a row.”
A minimum wage hike would likely lead to some mid-sized and large businesses leaving the state for more business-friendly states, and would likely lead to some small and mid-sized businesses shutting down.
That, of course, would have a negative impact on an already-fragile economy. Connecticut’s economy lost jobs in six out of 12 months of 2017, and the state’s unemployment rate continues to be higher than the U.S. unemployment rate, and higher than our neighbor to the north, Massachusetts.
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