Minimum wage earners throughout Colorado received a 90-cent raise this month. Naturally, however, the votermandated bump in pay has forced employers to get creative, cut costs elsewhere and hope that strong business compensates for the increase.
On Monday, Jan. 1, Colorado’s minimum wage jumped from $9.30 per hour to $10.20. In 2016, voters statewide approved the measure which raises the minimum wage by 90 cents annually until it reaches $12 an hour in 2020. Servers who rely upon tips saw their wages increase to $7.18 per hour earlier this month, up from $6.28. Those wages will increase to $8.98 by 2020.
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