Connecticut saw a net loss of loss of $2.6 billion to other states in 2016, and those migrating into the state earned only 55 percent of those who left, according to a study from the Cato Institute. The study comes as Connecticut nears an election which is focused heavily on ...
commission on economic competitiveness
A new study from the Employment Policies Institute shows that Connecticut’s 2012 paid sick leave law resulted in reduced benefits and less hours for young and low-wage workers. The study, conducted by Dr. Thomas Ahn of the University of Kentucky, focused on Connecticut because it was the first state to mandate paid sick leave and therefore had the most measurable data. According to Ahn’s research one-third of surveyed businesses reduced other employee benefits to compensate for costs due to the law. One fifth of the businesses either raised prices or reduced staffing levels.
Photographs taken at the Governor’s 2016 Economic Forum in February highlight a number of troubling statistics. - Poverty among minority groups is rising faster than others. - The decline in Connecticut manufacturing jobs has wiped out more than half of all job growth since the 1990s. - Middle-skill jobs in the science and technology sector are the hardest to fill. - Connecticut has some of the highest long-term unemployment rates in the nation.