Colorado to increase minimum wage
DENVER — Colorado’s minimum wage will increase by 22 cents on New Year’s Day to $8 an hour.
Supporters say the raise will benefit 104,000 low-wage workers statewide. The minimum for tipped workers in Colorado will also rise by 22 cents, to nearly $5 an hour.
According to the Denver Post, the increase will also help the state by boosting economic growth by nearly $19 million.