Colorado minimum wage set to fall, By Aldo Svaldi, October 13, 2009, Denver Post: “Colorado’s minimum wage is set to decline next year due to a decrease in the inflation rate during the first half of the year, according to an order from the Colorado Department of Labor and Employment. The new order would lower the state’s current hourly minimum of $7.28 to $7.24 on Jan. 1. Most employers, however, will still have to meet the federal minimum wage, which rose to $7.25 in July. For a full-time worker, going from $7.28 to the federal hourly minimum will result in a loss of $62.40 in income during the course of a year…”
Poverty-related issues in the news, from the Institute for Research on Poverty