Connecticut to Have the Highest Minimum Wage in the Country, Surpassing Washington

Connecticut

Once put into effect, Connecticut will have the highest minimum wage in the U.S.

Following a call to action last month by Governor Dannel Malloy, Connecticut’s legislature approved a bill on Wednesday that would raise the minimum wage to $10.10 an hour. This change means Connecticut will now be the state with the highest minimum wage, surpassing Washington at $9.32. This is a relatively big jump from the current $8.70 minimum wage currently in place.

The bill passed by a vote of 23-13 in the Senate and 87-54 in the House, mostly along party lines with Democrats approving the move and Republicans opposing it.

“I am proud that Connecticut is once again a leader on an issue of national importance,” Malloy said in a written statement following the bill’s legislative approval.

“This modest increase will give working families a boost, and it will contribute to our economy by getting just a little more money into the pockets of people who spend it,” he said.

Earlier this month, President Barack Obama urged Congress to raise the federal minimum to the same $10.10 level, which has not gotten backing in the Republican-controlled U.S. House of Representatives. While raising the minimum wage to $15 like some people want is a bit steep (some recent grads don’t even make that!) a small increase can help boost the economy and allow minimum wage workers to spend a bit more.

“I hope Members of Congress, governors, state legislators and business leaders across our country will follow Connecticut’s lead to help ensure that no American who works full time has to raise a family in poverty, and that every American who works hard has the chance to get ahead,” Obama said.

People in favor of raising the minimum wage argue that it stimulates the economy since low-income people spend a higher percentage of their income, while opponents contend that it could slow hiring at a time that the U.S. economy is still facing high unemployment.

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About DevonJ140
I am currently an Accounting Director living in New York City. I love reading and learning more about business, finance, tech, and current events.

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