Colorado Minimum Wage 2024 Increase Chart. In 2019, denverites voted to break away from the state and set a higher minimum wage that is also adjusted each year for inflation. Federal and state minimum wage.
Thanks to subsequent adjustments based on cpi and the fair pay act, the colorado minimum wage reached $13.65 by 2023. The colorado minimum wage is set to increase from $13.65 to $14.42 on january 1, 2024, which is $7.17 higher than the federal minimum wage.
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