Colorado

Oct 13, 2009 10:26 AM by Associated Press

Colorado minimum wage to drop as living costs fall

Colorado officials have confirmed that the state next year will become the first to lower its minimum wage because of a falling cost of living.

The state Department of Labor and Employment ordered the wage down from $7.28 to $7.24. That's lower than the federal minimum
wage of $7.25, so most minimum wage workers will lose 3 cents an hour.

Colorado is one of 10 states where the minimum wage is tied to inflation. The indexing is thought to protect low-wage workers from
having flat wages as the cost of living goes up.

But because Colorado's provision allows wage declines, the minimum wage will drop because of a falling consumer price index.
It will be the first decrease in any state since the federal minimum wage law was passed in 1938.

»Comments

»Topics in this article

More News

National
Story Photo

3 hours ago

3 Alarm Fire in Boston

Eleven people hurt tonight when an explosion, knocked a house off it's foundation in Boston, in the Dorchester area. It may have...

Weather - Forecast
Story Photo

13 hours ago

Rain & Snow On The Way

A Winter Weather Advisory is in effect from 6 PM tonight until 4 AM Thursday for Teller County, the Rampart Range (including...

Most Popular

Top Videos

1 2 3 4