DENVER – Colorado will become the first state to reduce its minimum wage because of a falling cost of living.
The state Department of Labor and Employment ordered the wage down to $7.24 from $7.28. That's lower than the federal minimum wageof $7.25, so most minimum wage workers would lose only 3 cents an hour.
Colorado is one of 10 states where the minimum wage is tied to inflation. The indexing is thought to protect low-wage workers from having flat wages as the cost of living goes up.
..........Other states with minimum wages that rise with inflation are Arizona, Missouri, Montana, Nevada, Oregon, Vermont and Washington........
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