A survey of 900 chief executive officers 700 executives in the United States and globally found that labor shortages and inflation are their top two concerns in 2022, according to a new report by The […]
The U.S. Bureau of Labor Statistics announced that inflation in 2021 had hit 6.8 percent, a rate not seen since 1982, but, according to some economists, the reality may be much worse and that could […]
Retired Connecticut state employees will see a substantial bump to their pension payments as a result of increasing economic inflation. The Consumer Price Index for Urban Wage Workers and Clerical Workers – known as the […]
Connecticut’s employment numbers are trailing the rest of the country in all income groups as the state struggles to bounce back from the COVID lockdowns, but the jobs gap remains especially pronounced for low wage […]
Connecticut was one of sixteen states that saw an increase in the number of union members. The percentage of workers represented by labor unions grew from 17.4 percent in 2015 to 18.4 percent in 2016. Nationally, the rate of unionization fell.
There was a dramatic 61 percent increase in the number of people who decline union membership while still being represented by a union for collective bargaining - sometimes known as agency fee payers.
The Connecticut State Legislature will begin its 2023 session on January 4th and will adjourn on June 7th. The “long session,” as non-election years are called in Hartford, will be centered around the biennial budget. The Office of the State Comptroller reports that state government found a way to spend $47.11 billion in 2022 and, if trends continue, we can expect that number to grow even more going forward. Concerns over energy prices, inflation, and general cost of living continue to dominate the headlines and the threat of a recession hovers over economic forecasts.
What will our elected officials be working on to improve policy outcomes for Connecticut residents? What tax reform proposals will there be? What can be done to lower home heating bills? How will state and local budgets be affected by fewer federal resources? How will schools be implementing to curriculum requirements?
While we wait to see the thousands of individual and committee bills that while dominate the myriad policy debates this year, Yankee Institute is hard at work promoting free-market solutions to the problems we face from Stamford to Putnam and Mystic to Salisbury. To that end, we have produced a new edition of our Charter for Change. The Charter provides commonsense reforms to make Connecticut’s government work for its residents.
Though the list of reforms may be exhausting to review, it is far from exhaustive! And that’s why we want to work with you to build a broad-based coalition to encourage sound policy reforms to enable Connecticut residents to forge a better future for themselves and their families.
It’s also imperative that we do so. As we noted in a report and CT Mirror op-ed last year, the debate over whether we’re in a national recession really misses the point for Connecticut residents. We had more people employed in the private sector in 2007 than we do today. Our economy has grown at one of the slowest rates in the nation for the past decade, and we are getting outpaced year after year. We’re not attracting innovation and industry. We’re losing some of our best and brightest as they seek other parts of the country where it’s easier to make a living.
But together, we can reverse this trend.
At Yankee Institute, we know Connecticut is a state with boundless opportunity, and we intend to help make our state more than a place where people are just able to make ends meet! Connecticut should be a place where everyone can thrive – and with your help, it will be.