Connecticut and a $10.10 per hour minimum wage is causing quite the buzz on the Internet this evening, as the current Democratic governor of Connecticut, Dannel Malloy, made an official statement this Tuesday in support of the hike. He believes that raising the minimum wage to a higher hourly salary — much like President Obama had in his call last month to increase the overall national minimum — will benefit both the state and its residents. Town Hall News reveals this Tuesday, Jan. 4, 2014, that if such a bill were to pass, it would make state's minimum hourly wage the highest in the entire U.S. nation.
The Connecticut $10.10 per hour minimum wage hike being backed by the state governor might make this earnings increase a very real possibility for hundreds of thousands of workers, continues the report. The hike would effectively increase the current $8.70 per hour up by a significant $1.40. When one considers just how many workers earn minimum wage, this becomes a massive cumulative sum. If such a movement were passed, it would take up to three years to officially take effect, and would supersede even Washington’s already highest minimum wage of $9.32 per hour.
The economic proposal reaches the public’s ears while a number of Democratic politicians are bringing to light that the already massive gap between the wealthiest and poorest Americans continues to expand this 2014. The topic of economic disparity was in fact a prominent issue that President Barack Obama talked about just last week during his State of the Union address.
"There is a debate happening across our country on how to tackle the growing income inequality that is detrimental to our middle class families and to our economy," said Connecticut Gov. Malloy. "Part of tackling that critically important challenge is making sure that we recognize that a good and decent wage is good for workers and good for business."
According to the press release on the $10.10 per hour minimum wage hike, the hourly earnings increase would follow a scheduled hike that is already set to raise the minimum wage to $9.00 in early 2015.
“Malloy made his buzz-worthy proposal in Bridgeport, the state's largest city, where the median household income hovers at $39,822 per year, well below the $69,519 state median … Connecticut's minimum wage had been scheduled to rise to $9 next year. The federal minimum wage is currently $7.25.”
What is your opinion of this idea to raise the minimum wage even higher? Will it indeed prove to be a fiscal benefit for Connecticut residents and the state's overall economy?