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Colorado Increasing Minimum Wage

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(credit: ThinkStock)

(credit: ThinkStock)

DENVER (AP) – Colorado’s minimum wage will increase by 22 cents on New Year’s Day to $8 an hour.

Supporters say the raise will benefit 104,000 low-wage workers statewide. The minimum for tipped workers in Colorado will also rise by 22 cents, to nearly $5 an hour.

The increase is expected to help the state by boosting economic growth by nearly $19 million.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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