Business groups are concerned about Denver’s upcoming automatic minimum wage increase.
Denver’s minimum wage will increase to $17.29 from its current level of $15.87 starting next year. For tipped food and hospitality employees, the minimum wage will also increase to $14.27.
The automatic increase is part of a law that Denver passed in 2019 tying minimum wage increases to the Consumer Price Index (CPI), which was up 8.94%, according to the city.
“At a time when inflation and rising costs are impacting working families everywhere, this increase in our minimum wage, which is based on the Consumer Price Index, will help those who need it most,” Mayor Michael Hancock said in a statement last week. “We know this will put additional burdens on our local businesses, but this is an important tool to support vulnerable workers across the city.”
See the full article by Robert Davis, August 15, 2022