Minimum wage increase to have little impact, By David Young, December 13, 2010, The Coloradoan: “Servers and minimum wage workers are set to get a slight raise come the first of the year. Colorado’s minimum wage is set to increase 12 cents starting in 2011 bringing the new minimum wage to $7.36. The minimum tipped employee wage will increase to $4.34 from $4.22. The increase is likely to have little impact on employees or employers according to experts. In accordance with the Colorado Constitution, the state’s minimum wage must be adjusted annually for inflation, as measured by the Consumer Price Index used for the state. Federal minimum wage is currently lower than Colorado’s at $7.25 per hour. Federal tipped minimum wage is currently $2.13 per hour. Martin Shields, CSU Regional economist, said that the increase is not much of an impact on the bottom line. The increase amounts to $4.80 in a 40 hour work week…”
Poverty-related issues in the news, from the Institute for Research on Poverty