The Department of Labor and Employment in Colorado has reduced the minimum wage within the state from $7.28 to $7.24 per hour - one cent lower than the federal minimum wage of $7.25.
The decrease comes on the hells of the cost of living trending downward, says FRESC program director Robin Kniech. According to the Business Journal, Colorado is one of ten states that ties the minimum wage to inflation.
"This adjustment with inflation shows that Colorado's minimum-wage amendment works as voters intended. But in the interests of keeping our economy moving and avoiding hardship to employees... we urge employers not to lower wages," said Kniech.