CO's Minimum Wage Up 2nd Year In A Row

By: AP
By: AP

Colorado's minimum wage is now $7.64, an increase of 28 cents that took effect Sunday because the state links minimum wage to inflation.

The pay raise will affect about 74,000 people in Colorado. For a full-time employee, the raise means an extra $582 a year.

A woman who earns minimum wage at a convenience store tells The Denver Post the raise will help offset lost spending power. But the head of the Colorado Restaurant Association says it will squeeze restaurant owners who are also paying higher food prices.

Colorado's minimum wage also rose last year. Colorado is one of eight states that link minimum wage to inflation. In 2010, a lowered Consumer Price Index in Colorado caused a reduction in the minimum wage, to the federal minimum of $7.25.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Jerry on Jan 2, 2012 at 08:18 AM
    Minimum and average wage are about the same. Seems that the people that do the most work are paid the least!
  • by Mayor Ryan on Jan 2, 2012 at 05:36 AM
    My nephew is 16 and wants a job and is willing to work for $4.75/hr because he will be better off. Unfortunately, he is unable to make a voluntary contract and instead has nothing. Ron Paul 2012 - common sense.
  • by Ken Location: Canon City on Jan 1, 2012 at 05:11 PM
    When are people going to figure out, when the minimum wage goes up the first that happens is everything else goes up. I would worry more about what the cost of living is doing.
  • by Doreen Location: Colorado Springs on Jan 1, 2012 at 04:08 PM
    too many retail & tech jobs are still starting new employees @ minimum wage, it doesn't pay the bills!!! Let's be fair......$10.00 an hour is 1200.00 per month before taxes...Average rent in Co is????/ Gas to go to work is???? Hey big Business...can you do with 1% less profit and pay more??
  • by Vinnie Location: GOG on Jan 1, 2012 at 09:59 AM
    When operating expenses increase, businesses increase their prices. Minimum wage earners will need the extra $500/ year to buy their meals. If someone feels they are worth more than minimum wage, they should work harder to EARN more... Imagine that!
  • by sick of it Location: cs on Jan 1, 2012 at 09:35 AM
    It's still pathetically below the poverty line, but watch all the greedy Conservatives complain about it!
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 136502573 -
Gray Television, Inc.