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Connecticut’s minimum wage will rise to $15.69 in January under the first annual adjustment required by a 2019 law tying the wage to the employment cost index. The automatic 4.6% increase is dictated by a U.S. Bureau of Labor metric used to measure hourly labor costs. “This is a big deal, it will make a difference,” Gov. Ned Lamont said during a press conference at Windham Town Hall. Lawmakers

It will be increasing from $15 to $15.69. This will go into effect Jan. 1, 2024—as a result of the first-ever economic indicator adjustment. The adjustment is now required under a state law Lamont signed in 2019 ( )—implementing five incremental increases in the minimum wage over the last four years. "Pay your workers, show dignity and respect. This has been a long time coming. You work a full

Bank of America announced Wednesday that it will be raising the minimum hourly wage at its U.S. financial centers, kicking the pay rate up to $23 in October – or about $48,000 per year in salary. It’s a big step towards the company’s stated goal of hitting $25 per hour by 2025. By then, the minimum hourly wage at Bank of America will have increased by nearly $14 per hour — or more than 121

New Jersey’s minimum wage is set to hit a record hit on Jan. 1, 2024: $15.13 an hour, according to a press statement sent out Tuesday. That’s thanks to a law Gov. Phil Murphy signed in 2019 to gradually increase the statewide minimum wage. It was $8.60 an hour when the Democrat governor took office in 2018. Murphy’s predecessor, Republican Chris Christie, blocked several attempts to raise the