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The Connecticut minimum hourly wage will increase 69 cents on Jan. 1, Lt. Gov. Susan Bysiewicz said during a Monday news conference.
The increase is tied to the Employment Cost Index as determined by the U.S. Department of Labor. State law says that the new minimum wage will be calculated based on the change in the ECI “over the 12-month period ending on June 30 of the preceding year, rounded to the nearest whole cent.”
"This is a fair and gradual increase for workers that ensures that as our economy grows, the minimum wage grows with it, and that's good for everyone," Bysiewicz said.
According to the U.S. Bureau of Labor Statistics, compensation costs “increased 4.5 percent for the 12-month period ending in June 2023.” The current state minimum hourly wage is $15.
The new state minimum hourly wage will be $15.69.
“This has been a long time coming,” Gov. Ned Lamont said. “You work a full day, you deserve a fair wage.”
The U.S. Bureau of Labor Statistics describes the ECI as a measurement of the “change in the hourly labor cost to employers over time.”
Connecticut is the only state that has indexed the minimum wage to the ECI, according to the Congressional Research Service, though other states tie their minimum wage to other national indicators.
State Sen. Mae Flexer, D-Killingly, said it took “vision” to “not have this kind of increase be a part of a political process.”
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