Yesterday afternoon President Obama stopped by Central Connecticut State University in New Britain where he made his case for increasing the federal minimum wage to $10.10 (current federal minimum wage is set at $7.25, Connecticut’s minimum wage is $8.25). Flanked by Governor Dannel Malloy, as well as the Governors from Massachusetts, Vermont, and Rhode Island, the President called on Congress to “give America a raise” and highlighted how the increase would help women and young people.
In our previous post, we discussed the the benefit a wage increase has on both our lowest-earning workers and the state’s budget. Several news reports following the event, that can be viewed here and here, featured quotes from Democratic lawmakers indicating the high probability of the legislature passing a minimum wage increase during this legislative session. Tom Foley, the likely Republican candidate in this fall’s governor’s race, has stated he favors a minimum wage increase. There is also overwhelming public support, with the latest Quinnipiac poll showing voters backing the measure 3-to-1.
An increase in the minimum wage is an important first step in helping our state’s families move out of poverty and towards economic security. In future posts, we will discuss other aspects of the President’s economic agenda for 2014, which includes a more robust earned income tax credit with new support for single adults, additional job training programs, and expanded early childhood education opportunities.