Oct 13, 2009 10:26 AM by Associated Press
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.