Will Colorado Minimum Wage Increase In 2024. California’s increase to a $15 minimum wage was intended to elevate living standards but led to unintended economic consequences. The tipped minimum wage will be $11.40 per hour, up from $10.63 in 2023.
Fast food restaurant employers are required to provide a minimum wage of $20 per hour on april 1 , while the wage for healthcare facilities also increased on june 1 (it can be paid from between $18 to $23 per hour). Updated jun 13, 2024 jing pan updated jun 13, 2024 play article.
Individuals Employed In Agricultural Occupations (Such As Farm Workers).
This upcoming raise is in line with the cost of living adjustments.
While Colorado's State Minimum Wage Is $14.42 Per Hour, Bolder Has Set Its Own, Higher Minimum Wage Rate That Applies To Employees Of All Companies Who Work Within Bolder.
Colorado’s hourly minimum wage is set to increase at the same rate, to nearly $14.50 next year, up from this year’s $13.65.
The Minimum Wage For All Employees Paid On An Hourly Basis Is $14.42 Per Hour (Applicable From January 1, 2024) Irrespective Of Company Size.
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For 2023, The Colorado State Minimum Wage Rate Is $14.42.
The minimum wage for tipped employees is also set to rise from the current $10.63 to $11.40 at the start of 2024.
Minimum Wage For Tipped Food And Beverage Workers Will Also Be Raised $1 To $15.27 Per Hour, As Long As The Worker Earns At Least $3.02 In Actual Tips.
The proposed $15 per hour wage will exceed colorado’s minimum wage starting in 2024 when the federal wage goes to $14 per hour.
Individuals Employed In Agricultural Occupations (Such As Farm Workers).