On January 1, 74,000 low-wage workers in Colorado will get a 3.8 percent raise when the state's minimum wage goes up by 28ยข to $7.64 per hour. For employees who work full-time all year, this amounts to $582 more per year.
Voters approved Amendment 42 to Colorado's constitution in 2006, raising the minimum wage and requiring that the wage to be adjusted each year by the rate of inflation in Colorado. Inflation increased by 3.8 percent between July 2010 and June 2011, according to the Boulder-Denver-Greeley Consumer Price Index.