Minimum Wage in Colo. Set to Increase Jan. 1
KREX News Room
GRAND JUNCTION, Colo. Come Jan. 1, 66,000 low-wage workers in the state will see an increase in their paychecks. Colorado's full minimum wage and tipped minimum wage will increase 14 cents.
Colorado joins nine other states in raising minimum wage rates on New Year's Day, which will boost wages for nearly one million workers nationwide. Colorado's minimum wage increase is the result of a voter-approved state amendment to adjust rates in order to keep pace with he rising cost of living.
Adam Houghton, a server at Old Chicago, said, "Most of us around here, especially with the economy the way it is, we are living from paycheck to paycheck from day to day. So if there was a little bit of extra money there it could help."
The increase will bring the full minimum wage to $7.78, up from $7.64.
It will bring up wages for tipped employees from $4.62 to $4.76.
Colorado's minimum wage rates sit above the federal level of $7.25.
Officials anticipate the increases are estimated to provide $300 per year in wages for the average directly affected worker.