The Nation Follows Colorado’s Example By Raising The Minimum Wage

WASHINGTON, D.C. – Today the country followed Colorado’s lead in raising the minimum wage for the first time in a decade.  The minimum wage increase, which goes into effect today, will benefit nearly 13 million American workers and their families.

“I’m glad to see that our country will be following in Colorado’s footsteps—after voters there passed a constitution amendment last year—to give working families the support they need,” said U.S. Rep. John Salazar (CO-3). “For the first time in ten years, working families in other states will receive a minimum wage increase showing that Democrats are continuing to deliver on our promises to work hard for the American people.”

The 70 cent raise that takes effect today will be followed by two more 70 cent increases annually—for a total of $2.10 an hour, or $4,400 by July 2009.

Last November, Colorado voters passed a minimum wage increase that went into effect January 1.  The amendment raised the minimum wage increase from $5.15 an hour to $6.85 and will index the increased minimum to keep up with inflation.  Since the cost of inflation in Colorado is predicted to increase annually by three percent for at least the next fours years, the state’s minimum will still be higher than the federal level.

Colorado’s wage increase pre-empts the federal increase for Colorado workers.