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Colorado Becomes First State To Decrease Minimum Wage

Jillian Bandes
Jillian Bandes  |  October 16, 2009 9:56 AM
It's one of only ten states that ties its minimum wage to inflation, so a falling consumer price index means that their baseline hourly pay will go from $7.28 to $7.24. It's the first minimum wage drop in any state since the federal minimum wage drop was enacted in 1938.
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Of course, ACORN said they "couldn't imagine" anyone actually reducing the wage in Colorado because of the new state mandates. Right. Voters were just joking when they voted for an adjustable minimum wage in 2006.
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