State of Colorado lower it’s minimum wage

Colorado will become the first state to reduce its minimum wage because of a falling cost of living.

The state Department of Labor and Employment ordered the wage down to $7.24 from $7.28. That’s lower than the federal minimum wage of $7.25, so most minimum wage workers would lose only 3 cents an hour.

Colorado is one of 10 states where the minimum wage is tied to inflation. The indexing is thought to protect low-wage workers from having flat wages as the cost of living goes up.

But because Colorado’s provision allows wage declines, the minimum wage will drop because of a falling consumer price index. It will be the first decrease in any state since the federal minimum wage law was passed in 1938. Read More

Welcome to the Obama World Colorado!

LINKS

(1) 50,000 line up for housing aid in Detroit

(2) Working for Free…a Georgian Experiment

(3) Colorado Cuts Benefits to Seniors and Mentally ill to Balance Budget (Obamacare Example)

(4) Obamacare Will Raise Average Policy by Thousands of Dollars

(5) Video – Congressional Budget Office – Medicare Benefits Could Be Cut- UPDATED: 24 SEPT

(6) How the Socialists did it… (video)

(7) America For Sale

(8) Food Stamps Swapped for Booze, Viagra in Detroit

(9) Colorado bankruptcy filings has soar in 2009

(10)What The September Unemployment Rate Tells Us (Or, How I Learned To Start Worrying and Hate the BLS Data)

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One comment on “State of Colorado lower it’s minimum wage

  1. We warned the leftist’s that things like this would happen. They have gutted TABOR, and put in place mandatory increases for pet programs.

    Talk about a recipe for disaster…

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