No inflation = no min. wage hikes; Colorado’s falls — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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No inflation = no min. wage hikes; Colorado’s falls

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in Compensation and Benefits,Human Resources

Ten states tie increases in the minimum wages to the inflation rate: Arizona, Colorado, Florida, Missouri, Montana, Nevada, Ohio, Oregon, Vermont and Washington. Since the cost of living has actually declined this year, none of those states will see an increase in their minimum wages.

Because Colorado is one of two states—along with Missouri—that allow minimum wage declines, the Colorado state wage floor will fall from $7.28 to $7.24 next year. (Because the federal minimum wage is $7.25, state minimum wage workers would actually lose only 3 cents an hour.)

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