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Colorado sees first minimum wage drop in US in 72 years

Posted By aaron On January 1, 2010 @ 5:00 pm In Economic Crisis | Comments Disabled

Press TV
January 1, 2010

Minimum wage in Denver, Colorado, will decrease in the new year, marking the first such decrease in any state’s minimum wage since 1938.

[efoods]Colorado’s wage is going to be lessened by 3 cents an hour, from $7.28 to the federal minimum of $7.25.

Amid the global economic crisis which originated from the US, Colorado’s state consumer price index fell 0.6 percent last year.

The District of Columbia as well as thirteen other states will keep a minimum wage higher than the federal minimum, according to the US Labor Department.

Alaska will join them Friday when its minimum wage rises 50 cents to $7.75.

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