Gov. Ned Lamont signed a bill last May to increase Connecticut’s minimum wage over the next four years, raising wages for the state’s 330,000 workers who earn the current minimum wage of $10.10 per hour.
Connecticut businesses and residents often times cannot afford to live comfortably in what has been called one of the most expensive states to live and work in.
According to the Connecticut Post, although the state has the country’s highest per-capita income, it comes with a very high cost of living that has caused both individuals and businesses to leave.
Companies such as Aetna Inc. and General Electric Co. were once considered “Connecticut stalwarts” but have since left the state, the Post said.