Minimum wage hike wins approval
DENVER — Colorado has voted to hike the minimum wage to $12 an hour by 2020.
The current minimum wage is $8.31 per hour. That’s a 44 percent raise for more than 400,000 people who earn the minimum wage in Colorado.
Colorado last voted to hike the minimum wage in 2006, when it was indexed to inflation. Ten years later, advocates for the working poor said the wage hasn’t kept up with costs, especially escalating housing process across the state and especially in metro Denver.
Business opponents warned that the wage hike would cost jobs, especially in rural areas.