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Connecticut Minimum Wage to Increase to $13/hour on August 1, 2021 | Murtha Cullina

To embed, copy and paste the code into your website or blog: As we first blogged on May 17, 2019, the Connecticut state hourly minimum wage will increase on August 1, 2021 from $12.00 to $13.00.  The change, made pursuant to Public Act 19-4, “An Act Increasing the Minimum Fair Wage,” will be the third of five scheduled annual increases to Connecticut’s hourly minimum wage since 2019.  A breakdown of the remaining increases under the Act is as follows: $13.00 on August 1, 2021; $14.00 on July 1, 2022; and $15 on June 1, 2023. Additional increases after 2023 will be tied to the federal Employment Cost Index calculated by the U.S. Department of Labor’s Bureau of Labor Statistics.

Increase In Core Inflation Won t Be Transitory

Increase In Core Inflation Won t Be Transitory Bad Timing For decades the Federal Reserve anticipated inflation whenever the Unemployment Rate fell to a low level. In 9 of the last 10 recessions since 1954 the Fed hiked the federal funds rate over a period of time until they went too far. The Unemployment Rate subsequently jumped as the economy entered a recession causing the Fed to slash the federal funds rate. This pattern is consistent especially with benefit of hindsight. The one exception was in 1990 when Saddam Hussein invaded Kuwait causing oil prices to spike and a brief war. Please share this article - Go to very top of page, right hand side, for social media buttons.

BofA s New Inflation Meter Shows Transitory Hyperinflation

BofA s New Inflation Meter Shows Transitory Hyperinflation
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