Colorado's minimum wage will increase by 12ยข next year, rising to $7.36, and that's good news not just for hard-working Coloradans but the rest of the state as well.
A calculation based on this year's inflation rate, an update of a formula approved by voters in 2006, is the reason for the wage increase, but the impact goes far beyond number-crunching. Workers and families in every community of the state will feel the benefits of this small but important change.
