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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.
Articles: CO High School Drop Out Rate Increases, Medical Costs Cited in Almost Half of All Bankruptcies in Nation, CO Trailing Other Stales in Health Insurance Coverage, CO Economy Excepted to Add Jobs in 2005, Tax Credits Boost Low-Income Working Families
If Colorado voters pass Amendment 42, which will increase the state's minimum wage, about 7 percent of the state's workers will get a raise. A new issue brief from the Bell Policy Center, "Raising Colorado's minimum wage: Who benefits?" confirms that most of these workers are adults, and many are the sole income earners in their household with kids to support.