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Colo. minimum wage to drop as living costs fall
Posted: 10.13.2009 at 9:16 PM
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DENVER (AP) -- 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.
Information from: The Denver Post, http://www.denverpost.com
(Copyright 2009 by The Associated Press. All Rights Reserved.)