How Much Is Minimum Wage Colorado, Livable Wage

All states minimum wage 101 research blog about.

What is minimum wage in missouri. There are legal minimum wages set by the federal government and the state government of colorado. In colorado approximately a quarter of a million minimum wage workers or almost 10 percent of the colorado workforce will see their paychecks increase from 1020 an hour to 1110 an hour. Minors under the age of 18 may be paid up to 15 less then the current colorado minimum wage.

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. See your local living wage calculated using this calculator from mit. Use our calculator to discover the colorado minimum wage.

The denver colorado minimum wage for instance is 1285 per hour and will increase to 1477 an hour on jan. The colorado minimum wage is currently 1200 per hour. 1 2021 1587 an hour on jan.

The federal minimum wage is 725 per hour and the colorado state minimum wage is 12. For colorado not only has the wage been increasing on a consistent basis over the past four years the minimum wage has been above the federal rate since 2011. The minimum wage for tipped workers will increase from 718 to 808.

Facts about the minimum wage. Those increases were set in amendment 70 passed by colorado voters in november 2016. Be sure to check which local wage laws may apply to you.

The colorado minimum wage is the lowermost hourly rate that any employee in colorado can expect by law. In 2020 the federal minimum wage is still at 725 per hour much to the disappointment of many employees residing in states that do not have a minimum wage higher than this. Colorados minimum wage increased to 12 with the start of the new year its the last in a series of increases voters approved in 2016.

1 2017 and is increased annually by 90 cents each jan. 1 until it reaches 12 per hour in january 2020. 1 2022 and yearly increases based on the consumer price index after 2022.

District of columbia 1500. Under the amendment colorados minimum wage was increased to 930 per hour as of jan. The tipped wage is 898 per hourthe colorado minimum wage is applicable to all adults and emancipated minors and is raised or lowered annually based on inflation.