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Big businesses are against raising the minimum wage, but small businesses may benefit
The federal minimum for an hourly wage has risen three times in three decades. It was $3.35 in 1982. It's now $7.25, up 120 percent. Inflation, meanwhile, has climbed by 135 percent. Now Connecticut is considering legislation to boost the wage up to $9.75 by next year, after which it would be pinned to inflation.
By John Stoehr
February 28, 2012