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Colorado should raise the minimum wage from $5.15 to at least $6.85 an hour, and we should adjust the minimum wage to inflation every year thereafter. This will increase the incomes of the lowest-paid workers by $1.70 an hour, or $3,500 per year, and help them keep up with the rising costs of necessities such as food, health care, gas and housing.

Colorado should raise the minimum wage from $5.15 to at least $6.85 an hour, and we should adjust the minimum wage to inflation every year thereafter. This will increase the incomes of the lowest-paid workers by $1.70 an hour, or $3,500 per year, and help them keep up with the rising costs of necessities such as food, health care, gas and housing.

The Montrose Daily Press reports on the effects of Amendment 42, which increased the minimum wage state-wide and indexed it to inflation, in the Montrose area.

This issue brief reviews historical data on inflation in the United States and Colorado, compares increases in inflation with growth in average wages in the national and Colorado economies, and describes how indexing to inflation affects the value of the minimum wage.

Summarizes an issue brief that reviews historical data on inflation in the United States and Colorado, compares increases in inflation with growth in average wages in the national and Colorado economies, and describes how indexing to inflation affects the value of the minimum wage.