Business
The official Patch Group covering local businesses and the economic and political conditions that effect them. Flag as Inappropriate
Posts awaiting your approval 0
Jerry O'Connor May 10, 2013 at 08:32 pm
Bad and getting worse. The 1.5 on Taxation and Regulation says it all. The governor also recently…Read More admitted that CT has the nation's highest energy costs. The legislature added mandatory paid sick leave. CT workers are allowed to steal, lie, or not show up for work and still collect unemployment. Now they want to raise the minimum wage to $10, prohibit employers from firing employees because they bad mouth their boss, fellow workers, or the business they are working for, and make employers pay higher workman's comp insurance premiums to cover "emotional trauma," (as if that could be effectively proven or policed!). By next year that 1.5 star rating could very well sink below a single digit! The quality of the workforce and the advantages of living here simply cannot outweigh this kind of assault by State government. (Other States have comparable offerings, don't buy the propaganda that says otherwise!) If a company cannot make a profit in this State, they simply have to look elsewhere. And there are many other States -- especially in the south and Midwest - that are actively wooing CT businesses. (Giving a handful of preferred and politically connected companies huge tax breaks won't accomplish much, and certainly won't reverse this disturbing trend!) Tax revenues continue to fall below expectations, State and municipal workers' pensions are disastrously under funded and our single party State legislature can't even agree on what tune to play on their violins as the State's business community burns.
Connecticut Insurance Executives Rake in $8 Million Each
Comment Recommend Robert Muirhead (Editor)