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The U.S. Department of Labor forecasts that, if finalized, the rule could result in net savings for employers of almost $481 million per year, most of that due to reduced litigation costs and fewer benefits payments.
The restaurant industry, where tipping is ingrained, is not affected.
The minimum wage required to be paid under New York state law by businesses in Westchester goes up to $13 per hour as planned...
The SEIU orchestrated the "Fight For $15" campaign to increase the minimum wage for low-income workers.
The governor found fault with a provision that required employers who failed to monitor how much time is spent working for gratuities, and how much for non-tip work, to pay the standard minimum wage for all work.
“Our business is growing – but I’m not sure if it’s going to continue to do so in Connecticut," says one Danbury business owner.
Gov. Ned Lamont signed Connecticut’s minimum wage increase into law this morning, which will take the hourly rate from the current $10.10 per hour to $15 per hour by mid-2023.
The hourly minimum wage will increase from the current $10.10 to $11 on Oct. 1; $12 on Sept. 1, 2020; $13 on August 1, 2021; $14 on July 1, 2022; and $15 on June 1, 2023.
However, most businesses polled by the CBIA were not concerned over the impact of a minimum wage hike.
On raising the minimum wage, 70.6 percent of respondents approved the idea and 25.8 percent rejected it.
"There will always be a place for brick and mortar," said Wayne Pesce, head of the state's grocery retailer trade group.