Colo. minimum wage may drop as living costs fall

By: Associated Press Email
By: Associated Press Email
Colorado

unclaimed money.

Denver (AP) - Colorado's lowest-paid workers could make even less next year.

The state has an adjustable minimum wage, and it could be the first in the nation to drop along with the cost of living.

Colorado is one of 10 states that tie minimum wages to inflation. The indexing is thought to protect low-wage workers from having flat wages as living costs go up.

But because Colorado's provision allows wage declines, the minimum wage could actually drop three cents an hour next year.

It's currently at $7.28 an hour. It can't go lower than the federal minimum, $7.25.

If the wage is lowered by state labor officials in September, it would be first real minimum wage decrease in any state since the Federal Minimum Wage Law was passed in 1938.
(COPYRIGHT 2009 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)


KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 53705987 - nbc11news.com/a?a=53705987
Gray Television, Inc.