Colorado employers will pay more for hourly minimum wage workers when the rate increases Jan. 1, 2012. The new Colorado minimum wage will be $7.64 per hour, a 28-cent increase from the previous rate of $7.36.
The minimum wage for tipped employees will also increase to $4.62, up from $4.34 per hour. If the employee’s tips, when added to the employer’s minimum, do not equal the minimum hourly rate, the employer must pay the difference.
Colorado is one of 10 states that adjust their state minimum wage according to changes in the consumer price index (CPI). To download the required state minimum wage poster, visit the Colorado.gov website.