One of the most contentious ballot measures this election would raise the minimum wage in Colorado.
Right now, it’s $8.31 an hour, which is higher than the federal minimum wage of $7.25. Under Amendment 70, it would increase gradually to $12 an hour by January 2020.
The Bell Policy Center – which supports the measure – says based on census data, about a third of those who would be impacted by the increase in the first year are parents with kids, who make about $17,000 annually as a full-time minimum wage worker.
The restaurant industry – which opposes the measure – says the average profit margin of a full service restaurant is 4 percent and many in rural areas restaurants and farms would have to cut jobs.
CBS4 Political Specialist Shaun Boyd gave claims on both sides of the issue a Reality Check.
Shaun Boyd’s sources for this Reality Check are as follows: