Minimum Wage in Colorado
Low-wage workers are falling further behind–full-time minimum wage workers can’t earn enough to support their families because the wage has not nearly kept pace with the cost of living.
Current Minimum Wage is Not Enough to Survive On:
- Minimum wage workers live in poverty.
- Minimum wage was created to keep working families out poverty but it hasn’t kept up with the rising cost of living–and buying power has dropped massively over 50 years.
- For the first 30 years, minimum wage provided an adequate floor for wages and grew at the same pace as productivity. In 1968, it was equal to ½ of what the average production worker made.
- Minimum wage value has eroded and the wage gap has grown significantly. Today, a minimum wage worker in Colorado only makes about 1/3 of the average wage.
- Minimum wage is not enough to live on.
- A full-time minimum wage worker takes home less than $300/week.
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