Federal Minimum Wage Colorado, Utah Minimum Wage May Rise In 07 Deseret News

It established an annual increase in the colorado minimum wage each year until 2021 when the minimum wage becomes tied to the cpi.

Marijuana news bc. The federal minimum wage is 725 per hour and the colorado state minimum wage is 1200 per hour. Daily 12 weekly 40. The state wide minimum wage for colorado is 1200 per hour as of january 01 2020.

Colorado is one of the states that has a minimum wage rule and ensures that their employers pay it. Therefore based upon current information covered employers in colorado will have to pay their employees the higher value of 1200 per hour under colorado law beginning january 1 2020. Basic minimum rate per hour.

When the state city or county minimum wage rate is higher than the federal rate employers are required to pay workers the higher amount. Federal minimum wage. The colorado minimum wage increase in 2020 brought wages up to 12 per hour which is 475 higher than the federal minimum wage.

Colorados state minimum wage rate is 1200 per hourthis is greater than the federal minimum wage of 725. Federal minimum wage is currently 725 per hour which is lower than the 2020 colorado state minimum wage of 1200. The minimum wage applies to most employees in colorado with limited exceptions including tipped employees some student workers and other exempt occupations.

The current colorado minimum wage from 2016 2020 is set by amendment 70 to the colorado constitution. View all colorado minimum wage values. Graph and download economic data for state minimum wage rate for colorado sttminwgco from 1968 to 2020 about minimum wage co wages rate and usa.

Colorado minimum wage is set by the state constitution for both tipped and non tipped employees. The colorado minimum wage was last changed in 2008 when it was. The minimum wage the lowest hourly amount that an employee may be paid for their labor is determined by both state and federal labor laws in the united statesunder the federal fair labor standards act states and localities are permitted to set their own minimum wage rates which will take precedence over the federal minimum wage rate if they are higher.

However some states cities and counties have a higher minimum wage rate. The law states that whichever is the higher applies to employers in that state. There are five states that do not.

The federal minimum wage in 2020 is 725 per hour and has not increased since july 2009. If you have tipped employees no more than 302 per hour in tips can be used to offset the minimum wage.