Lamont Signs Minimum Wage Increase; Business Lobby Continues Protest
HARTFORD, CT — As Gov. Ned Lamont signed into law a bill that will increase the minimum wage to $15 an hour by 2023, Connecticut’s largest business lobby continued to urge the former cable executive not sign it, or any other legislation they believe will be detrimental to business and the economy.
Surrounded by labor at the Parkville Care Center nursing home in Hartford, Lamont signed the bill.
“This is a big deal,” Lamont said.
After the press conference, Lamont said this bill is a “big win for Connecticut and a big win for working families. This is a 10% raise for people on Oct. 1. That’s $40 a week.”
Under the new law the current minimum wage of $10.10 an hour will increase to $11 in October, $12 on Sept. 1, 2020, $13 on Aug. 1, 2021, $14 on July 1, 2022, and then $15 on June 1, 2023.
Read more: https://www.ctnewsjunkie.com/archives/story/20190528_lamont_signs_minimum_wage_increase_business_continues_protest/
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Obviously they will will be driven from the state in poverty and bankruptcy.
Business has two primary drivers that completely contradict each other.
On one hand, they want the cheapest labor possible.
On the other hand, they want customers to have loads of disposable income.
Since labor= customer= labor, they have to accept that paying more means getting more. And because it's the STATE doing it, it means it applies to all economic actors equally.
Suck it up and enjoy the revenue increases.